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Bullish Moving Average Cross by Meritage Homes C (MTH)

By Nick Russo

Meritage Homes C (NYSE:MTH) shares have crossed bullishly above their 10-day moving average of $43.53 on a volume of 125K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Meritage Homes C share prices have moved between a 52-week high of $48.70 and a 52-week low of $32.02 and are now trading 37% above that low price at $43.75 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Meritage Homes C on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.42. Since that recommendation, shares of Meritage Homes C have risen 10.1%. We continue to monitor MTH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses meritage homes c

Ticker(s): MTH