Today's Research on Toll Brothers, Standard Pacific, Gafisa, and MDC Holdings

Fri Mar 22, 2013 8:01am EDT

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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   

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

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

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

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

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