Standard & Pacific (SPF) ($8.01 vs. $8.65 on March 19) has been upgraded to hold from sell and set a multi-year high at $9.18 on March 20. The weekly chart shifts to negative on a close this week below the five-week MMA at $8.33. My semiannual value level is $7.36 with a quarterly pivot at $7.61 and weekly risky level at $8.69.
Toll Brothers (TOL) ($31.56 vs. $34.12 on March 19) continues with a hold rating and its multi-year high at $38.36 on Jan. 29. The weekly chart has been negative since March 29 and stays negative with a close this week below the five-week MMA at $33.58. My semiannual value level is $24.50 with an annual pivot at $31.95 and quarterly risky level at $34.31.
At the time of publication the author held no positions in any of the stocks mentioned.