Toll Brothers (NYSE:TOL) — This major builder of luxury homes in the United States is poised to take advantage of an increase in demand for houses priced in the $550,000 to $575,000 range.
Even with the tepid demand of the past year, TOL managed to report a profit of 12 cents per share. The company has one of the strongest balance sheets in the industry and should gain substantially when the housing market improves.
Note the variation of a �W� bottom — a very strong technical formation. This was on our list of Top Stocks to Buy for January, and our recommendation was followed by a break above resistance at $21-$22. Thus the trading target is raised to $30.
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