Meritage Homes Corp
MTH
Delayed Nyse - 11/22 10:02:01 pm
51.3USD
-0.19%

Towards the breakout of a major resistance level

Envoyer par e-mail
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.
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.

Zonebourse.com 2017
Envoyer par e-mail