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Meritage Homes Bearish Moving Average Crossover Alert (MTH)

By Amy Schwartz

Today, shares of Meritage Homes (NYSE:MTH) have crossed bearishly below their 10-day moving average of $37.75 on a volume of 490K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Meritage Homes have traded between a low of $25.48 and a high of $49.36 and are now at $34.65, which is 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.4%.

SmarTrend is tracking the current trend status for Meritage Homes and will alert subscribers who have MTH in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses meritage homes

Ticker(s): MTH