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Meritage Corporation (MTH) - Buy, Sell or Hold?

Sector: Capital Goods   Sub-Sector: Homebuilding
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 15 Jun 2017NoneBearish EngulfingWed, 31 May 20171.5%
***Stock database and scans are updated around midnight (New York time) every trading day.
40.65 0.00 (0%) Jun 23 4:02pm EDT
Open: 40.45 Range: 40.15 - 41.10 Vol: 281.48K Avg Vol: 362.97K
EPS: 3.60 P/E ratio: 11.18 EBITDA: 238.33M Mkt Cap: 1.62B
Analyze "MTH" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 49.32
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 42.62
Last Trade is above the 50 day moving average at 40.06
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 36.33
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MTH

Stock Trend Analysis - Buy, Sell or Hold "Meritage Corporation" (MTH)?

MTH is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 67% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation MTH will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 36.33. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MTH".

The analyst consensus estimates for the 1 year price target for this stock is $40.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 15 Jun 2017
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