May 14, 2013 (52 Week high-lows via COMTEX) -- Shares of Meritage Homes (NYSE:MTH) traded at a new 52-week high today of $52.95. Approximately 552,000 shares have changed hands today, as compared to an average 30-day volume of 671,000 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.

Over the past year, Meritage Homes has traded in a range of $25.02 to $52.95 and is now at $52.21, 109% above that low. The 200-day and 50-day moving averages have moved 0.62% higher and 1.41% higher over the past week, respectively.

Based on a current price of $52.21, Meritage Homes is currently 13.7% above its average consensus analyst price target of $45.06. Meritage Homes shares have support at the 50-day moving average (MA) of $45.91 and additional support at the 200-day MA of $40.37.

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