MTH Makes Notable Cross Below Critical Moving Average

In trading on Thursday, shares of Meritage Homes Corp ( MTH) crossed below their 200 day moving average of $39.13, changing hands as low as $39.02 per share. Meritage Homes Corp shares are currently trading down about 4.5% on the day. The chart below shows the one year performance of MTH shares, versus its 200 day moving average:

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Meritage Homes Corp 200 Day Moving Average Chart

Looking at the chart above, MTH's low point in its 52 week range is $25.02 per share, with $48.62 as the 52 week high point — that compares with a last trade of $39.27.

According to the ETF Finder at ETF Channel, MTH makes up 3.06% of the iShares Dow Jones U.S. Home Construction Index Fund ETF ( ITB) which is trading lower by about 2.5% on the day Thursday.
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