May 09, 2013 (52 Week high-lows via COMTEX) -- Meritage Homes (NYSE:MTH) traded today at a new 52-week high of $52.38. So far today approximately 556,000 shares have been exchanged, as compared to an average 30-day volume of 635,000 shares.

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 $52.38 and are now at $52.02, 108% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.5%.

Based on a current price of $52.02, Meritage Homes is currently 13.4% above its average consensus analyst price target of $45.06. The stock should discover initial support at its 50-day moving average (MA) of $45.27 and subsequent support at its 200-day MA of $40.13.

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