May 09, 2013 (Market movers via COMTEX) -- Meritage Homes (NYSE:MTH), a company whose shares are moving quickly, is trading 1.4% higher to $51.87. The S&P is currently trading fractionally lower to 1,629 and the Dow Jones Industrial Average is trading fractionally lower to 15,093.

Meritage Homes Corporation designs, builds, and sells single-family homes ranging from entry level to semi-custom luxury. The Company operates in the South and West of the United States.

In the past 52 weeks, Meritage Homes share prices have been bracketed by a low of $25.02 and a high of $52.05 and are now at $51.87, 107% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.5%.

Meritage Homes (NYSE:MTH) is currently priced 13.1% above its average consensus analyst price target of $45.06. The stock should find initial support at its 50-day moving average (MA) of $45.27 and further support at its 200-day MA of $40.13.

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