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

Sector: Capital Goods   Sub-Sector: Homebuilding
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 11 Oct 2017Shooting StarDojiTue, 10 Oct 20170.42%
***Stock database and scans are updated around midnight (New York time) every trading day.
47.95 0.00 (0%) Oct 16 4:02pm EDT
Open: 48.40 Range: 47.90 - 48.55 Vol: 297.97K Avg Vol: 250.35K
EPS: 3.63 P/E ratio: 13.21 EBITDA: 241.92M Mkt Cap: 1.94B
Analyze "MTH" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 47.27
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 43.52
Last Trade is above the 50 day moving average at 42.44
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 39.34
* 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 75% 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. The 20 day moving average is also in a trading range but however it has a bearish downside bias. These may be early indications of a trend reversal but it is still too early to confirm. The long term trend remains up and the higher probability trade is to selectively buy the dips. A successful test of the 200 SMA currently near 39.34 would be a good place to start scaling in a long position. 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 $44.50* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 11 Oct 2017
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