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Wednesday, March 28, 2012

Industrial Stocks Jump (RBN) (PHM) (HIT) (TOL) (PATK)

Robbins & Myers, Inc. (NYSE: RBN): traded higher by 8.73% or $4.0/share to $49.83. In the past year, the shares have traded as low as $31.54 and as high as $55.63. On average, 513111 shares of RBN exchange hands on a given day and today's volume is recorded at 1633273. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $48.83 area where the stock will likely see buying pressure.

PulteGroup, Inc. (NYSE: PHM): traded higher by 2.26% or $0.205/share to $9.26. In the past year, the shares have traded as low as $3.29 and as high as $9.69. On average, 12331300 shares of PHM exchange hands on a given day and today's volume is recorded at 11468838. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $8.84 area where the stock will likely see buying pressure.

Hitachi, Ltd. (ADR) (NYSE: HIT): traded higher by 1.69% or $1.07/share to $64.24. In the past year, the shares have traded as low as $46.91 and as high as $63.51. On average, 76265 shares of HIT exchange hands on a given day and today's volume is recorded at 87866. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $58.09 area where the stock will likely see buying pressure.

Toll Brothers, Inc. (NYSE: TOL): traded higher by 2.11% or $0.515/share to $24.92. In the past year, the shares have traded as low as $13.16 and as high as $25.07. On average, 3214910 shares of TOL exchange hands on a given day and today's volume is recorded at 3518567. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $23.55 area where the stock will likely see buying pressure.

Patrick Industries, Inc. (NASDAQ: PATK): traded higher by 1.45% or $0.17/share to $11.88. In the past year, the shares have traded as low as $1.54 and as high as $11.76. On average, 61362 shares of PATK exchange hands on a given day and today's volume is recorded at 111486. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $7.51 area where the stock will likely see buying pressure.