Meritage Homes Corp
MTH
Delayed Nyse - 06/20 10:01:20 pm
44.45USD
0%

Towards the breakout of a major resistance level

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David Meurisse
Contributor / Partner

Strategy published on : 09/13/2017 | 15:30

long trade
Target price hit

Entry price : 40.55$
Target : 43.95$
Stop-loss : 38.7$
Potential : 8.38%

Meritage Homes Corp shares are trading close to a major resistance level. Given the share's technical chart pattern, investors could anticipate that this resistance zone will be broken which could lead to new upside potential.
Investors have an opportunity to buy the stock and target the $ 43.95.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The group usually releases upbeat results with huge surprise rates.

● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

● The stock is in a well-established, long-term rising trend above the technical support level at 36.35 USD


Weaknesses

● The group shows a rather high level of debt in proportion to its EBITDA.

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