Morning Research on Standard Pacific, Toll Brothers, Gafisa, Ryland, and MDC Holdings

Apr 23, 2013, 08:27 ET from

LONDON, April 23, 2013 /PRNewswire/ --

A report from the National Association of Realtors released on Monday showed that existing home sales slipped in the month of March. Yesterday's disappointing data from the housing market, however, was an exception. Since last year, the housing market has shown signs of robust recovery, driven by record low mortgage rates and huge pent-up demand. The ongoing recovery in the housing market has benefited homebuilders such as Standard Pacific Corp. (NYSE: SPF), Toll Brothers Inc. (NYSE: TOL), The Ryland Group Inc. (NYSE: RYL), and M.D.C. Holdings Inc. (NYSE: MDC). The housing market in Brazil has also been growing, driven by rising income levels in the country. The growth has helped Brazilian homebuilders such as Gafisa SA (NYSE: GFA). Homebuilder stocks ended mostly higher in yesterday's trading session, tracking gains in the broad market. StockCall has posted free technical research reports on SPF, TOL, GFA, RYL, and MDC and these can be accessed by signing up at

Shares of Standard Pacific Corp. edged higher on Monday; however, the gains were limited. The stock closed 0.24% higher at $8.28 on above average volume of 5.17 million. Shares of SPF had recently slipped below their 50-day moving average, which is a bearish signal. However, the volume activity the last few trading sessions, and the stock's MACD chart suggest that market sentiment is starting to turn bullish on the stock. Standard Pacific's shares currently face resistance at around $8.50. Download the free report on SPF upon registration at

Shares of Toll Brothers Inc. rose sharply in yesterday's session. The stock closed 1% higher at $31.22 on volume of 3.74 million after touching an intra-day high of $31.38. Despite Monday's gains, Toll Brothers' shares are down more than 1% in the last three trading sessions. In the last one month, the stock has fallen 12.40%. Shares of TOL have seen a series of lows over the last one month, which is a bearish signal. TOL technical report can be accessed for free by signing up at

Gafisa SA's shares gained in trading on Monday, extending their gains from previous trading sessions. The stock closed 1.80% higher at $3.96 on volume of 1.13 million, taking its gains in the last three trading sessions to nearly 4.50%. Despite the recent gains, the company's shares have fallen more than 14.80% in 2013 so far, underperforming the broad market. The stock is currently trading nearly 25% below its 52-week high. The free report on GFA can be downloaded by signing up now at

The Ryland Group Inc.'s shares also rose sharply yesterday. The stock closed 2.42% higher at $38.56 on above average volume of 1.35 million. Ryland's shares traded between $36.49 and $38.57 on Monday. Year-to-date, the company's shares have gained more than 5.80%, compared to a gain of over 9.50% for the S&P 500. The stock is currently trading more than 10.20% below its 52-week high. Free report on RYL can be accessed by registering at

Another homebuilder stock that rose sharply on Monday was M.D.C. Holdings Inc. Shares of the Denver, Colorado-based company rose to an intra-day high of $34.97 before finishing the day 2.36% higher at $34.70 on above average volume of 1.23 million. The stock's MACD has just crossed above the signal line, which is a strong bullish signal. The stock is now trading close to $35 resistance level. Year-to-date, M.D.C. Holdings' shares have fallen 5.60%. Register with StockCall and download the research on MDC for free at

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