Meritage Homes Shows Rising Relative Strength; Still Shy Of Key Threshold

On Monday, Meritage Homes (MTH) received an upgrade to its Relative Strength (RS) Rating, from 68 to 71.


When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price performance over the last 52 weeks compares to the rest of the market.

History reveals that the market’s biggest winners typically have an 80 or higher RS Rating as they begin their biggest price moves. See if Meritage Homes can continue to show renewed price strength and hit that benchmark.

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Meritage Homes is working on a cup without handle with a 117.16 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.

Earnings growth increased last quarter from 50% to 88%. But sales fell from 24% to 20%.

Meritage Homes earns the No. 13 rank among its peers in the Building-Residential/Commercial industry group. LGI Homes (LGIH) and D.R. Horton (DHI) are also among the group’s highest-rated stocks.

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