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Play of the Day (For Friday)
Interactive Chart
Thursday, May 03, 2001

TTC - Toro Company $46.54 +0.55 (+0.29)

Thursday's Comment:

If April showers bring May flowers, then based on current weather patterns demand for Toro's extensive line of lawn and gardening equipment should be strong. This fact may have helped the stock brush off the broad market selling today. Technically speaking, TTC is knocking on the door of a significant breakout. If the stock can push through resistance at $46.85, it could move quickly to test its 52-week high of $47.65. To that end, the MACD recently turned positive and has been slowly climbing all week. The Money Flow has also been excellent, indicating there are more buyers than sellers. We also like the RSI, which has plenty of room to run before indicating an overbought condition. The 10- DMA, which closed today at $45.38, has been providing the support. In the event of a pullback, a bounce off $45.38 may provide traders with a good entry point. If not, a move above today's intra-day high of $48.85 may provide another possible entry point.

Picked April 29th @ $46.25
Change since picked +0.29
Stop Loss @ $43.50

Play of the Day Index


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