Today's Research on Toll Brothers, Standard Pacific, Gafisa, and MDC Holdings
LONDON, March 22, 2013 /PRNewswire/ --
Markets returned back in the red zone on account of looming Cyprus crisis. On the domestic front, disappointing quarterly numbers announced by Oracle pushed the NASDAQ index down. The company's stock declined 9.7 percent, its steepest decline since December, 2011. New reports alluding to growing economic momentum also failed to stimulate markets as major indices concluded the day on a negative note. As these unfolded, we took a look at Industrial Goods sector and tracked the movements of some companies in the residential construction industry such as Toll Brothers Inc. (NYSE: TOL), Standard Pacific Corp. (NYSE: SPF), Gafisa SA (NYSE: GFA) and M.D.C. Holdings Inc. (NYSE: MDC). StockCall professionals have completed their technical analysis on TOL, SPF, GFA, and MDC and these free reports are accessible by registering at
http://www.stockcall.com/research
Toll Brothers Inc. traded in the range of $35.52 and $36.28 during Thursday's trading session. It opened at $36.24 and closed at $35.64, down 2.44 percent. The stock is currently in a bullish mode and has its first resistance level at $35.72. Upon breaching this level, the company may go as high as $36.17. It traded 4.84 million shares and is below its 20-day moving average price. Its first support level is at $35.06 while its second support level is at $33.82. So far this year, the stock is up 13.98 percent. Sign up for the free technical research on TOL at
http://www.StockCall.com/TOL032213.pdf
Despite the downward movement shown by broad market indices, Standard Pacific Corp.'s stock finished 2.54 percent lower at $8.84, with volume up from daily average of 3.95 million to 5.11 million. The company's stock is up so far in 2013 with its year-to-date gain at 24.33 percent. However, the stock currently shows a bullish trend which is further confirmed by its MACD chart. Standard Pacific has its first support level at $8.56. In the coming trading sessions, the stock is likely to go as high as $9.08. It is highly volatile as the stock trades at beta of 2.44. Be sure to read our latest technical research on SPF by registering at
http://www.StockCall.com/SPF032213.pdf
Gafisa SA's stock slipped in its latest trading session. The stock closed 0.52 percent lower at $3.79 with 1.54 million share volume on Thursday. Its regular volume stands at 1.99 million shares. With the downward movement, the stock extended its loss for the year to 17.25 percent. In the past 52 weeks, Gafisa SA is down 32.68 percent. The stock currently has support at $3.65 level. Its MACD chart shows a bearish trend. The company may face its first resistance level at $3.88. Upon breaching this level, the stock may go as high as $4.16. Sign up and read the complimentary report on GFA at
http://www.StockCall.com/GFA032213.pdf
Shares of M.D.C. Holdings Inc. edged lower in its yesterday's session, tracking movements in the broad market. The stock closed 2.60 percent lower at $38.60 on below average volume of 563,442 shares. MDC's shares have gained more than 9 percent so far this year, underperforming the broad market. It has support at $37.76. With the downward movement, M.D.C. Holdings' shares are trading below their 20-day and 50-day moving averages. The stock's MACD chart also shows mild bearish trend. With the beta of 1.21, the company has slightly higher-than-average volatility. The free report on MDC can be downloaded by signing up now at
http://www.StockCall.com/MDC032213.pdf
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