InTheMoney Stocks

Lower Bond Yields Lift Home-builders: TOL Resistance Level

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This morning, most of the leading home-builder stocks are trading higher at the start of the trading session. Today, bond yields on the 10-year U.S. Treasury Note are lower by 0.4 to 2.89 percent. Traders must be aware that home-builder stocks are trading inversely to bond yields at this time.

One of the leading home-builder stocks rallying on the back of lower bond yields is Toll Brothers Inc             (NYSE:TOL). This afternoon, TOL             stock is trading higher by $1.18 to $31.62 a share. Swing traders should watch for near term daily chart resistance around the $33.00 area.

Nicholas Santiago
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