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Meritage Homes C Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Meritage Homes C (NYSE:MTH) traded today at a new 52-week high of $62.68. Approximately 429,000 shares have changed hands today, as compared to an average 30-day volume of 290,000 shares.

Based on a current price of $62.68, Meritage Homes C is currently 11.4% above its average consensus analyst price target of $55.56. The stock should discover initial support at its 50-day moving average (MA) of $52.15 and subsequent support at its 200-day MA of $44.39.

Meritage Homes C share prices have moved between a 52-week high of $62.68 and a 52-week low of $32.02 and are now trading 96% above that low price at $62.68 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

Meritage Homes Corporation designs and builds single-family homes in the United States. The company operates through two segments, Homebuilding and Financial Services.

SmarTrend recommended that subscribers consider buying shares of Meritage Homes C on March 27th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.85. Since that recommendation, shares of Meritage Homes C have risen 18.6%. We continue to monitor MTH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows meritage homes c

Ticker(s): MTH