Meritage Homes Corporation (MTH)

Meritage Homes Corporation is trading at $58.01, down 0.41% on the session. The 50 day average sits at $67.24 and the 200 day at $69.43, which puts the stock in a downtrend. RSI is at 32.9, which reads as weak, and MACD is bearish crossover. Volume is above average.

The nearest support is around $57.63 with resistance near $65.77, so that band frames the current range. Average daily movement is roughly $2.06, or about 3.5% of the share price, which is what any stop placement has to allow for. The overall health score of 28 out of 100 combines a trend score of 0, momentum of 24 and a risk score of 77.

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments: Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee. The company also provides title and escrow, mortgage, insurance, title insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.