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Shares of Meritage Homes C Has Risen Above Previous 52-Week High

By Amy Schwartz

Shares of Meritage Homes C (NYSE:MTH) traded at a new 52-week high today of $50.00. This new high was reached on below average trading volume as 72,000 shares traded hands, while the average 30-day volume is approximately 360,000 shares.

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

Meritage Homes C (NYSE:MTH) has potential upside of 11.1% based on a current price of $50.00 and analysts' consensus price target of $55.56. Meritage Homes C shares have support at the 50-day moving average (MA) of $45.32 and additional support at the 200-day MA of $41.58.

Meritage Homes C share prices have moved between a 52-week high of $50.00 and a 52-week low of $32.02 and are now trading 56% above that low price at $50.00 per share. The 200-day and 50-day moving averages have moved 0.10% higher and 0.51% higher over the past week, respectively.

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

Keywords: 52 week high/lows meritage homes c

Ticker(s): MTH