Trading Meritage Homes MTH With Integrated Risk Controls

October 06, 2022, 21:15 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Meritage Homes (NYSE: MTH) report below can help you, but we have more details too. The trading plans for MTH, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for MTH

• Buy MTH slightly over 72.12 target 83.85 stop loss @ 71.91 Details

The technical summary data tells us to buy MTH near 72.12 with an upside target of 83.85. This data also tells us to set a stop loss @ 71.91 to protect against excessive loss in case the stock begins to move against the trade. 72.12 is the first level of support below 77.02 , and by rule, any test of support is a buy signal. In this case, support 72.12 is being tested, a buy signal would exist.

• Short MTH slightly under 83.85, target 72.12, stop loss @ 84.09 Details

The technical summary data is suggesting a short of MTH as it gets near 83.85 with a downside target of 72.12. We should have a stop loss in place at 84.09though. 83.85 is the first level of resistance above 77.02, and by rule, any test of resistance is a short signal. In this case, if resistance 83.85 is being tested, a short signal would exist.

Swing Trading Plans for MTH

• Buy MTH slightly over 83.85, target n/a, Stop Loss @ 83.61 Details

If 83.85 begins to break higher, the technical summary data tells us to buy MTH just slightly over 83.85, with an upside target of n/a. The data also tells us to set a stop loss @ 83.61 in case the stock turns against the trade. 83.85 is the first level of resistance above 77.02, and by rule, any break above resistance is a buy signal. In this case, 83.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MTH slightly near 83.85, target 75.21, Stop Loss @ 84.09. Details

The technical summary data is suggesting a short of MTH if it tests 83.85 with a downside target of 75.21. We should have a stop loss in place at 84.09 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 83.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MTH

• Buy MTH slightly over 83.85, target n/a, Stop Loss @ 83.65 Details

If 83.85 begins to break higher, the technical summary data tells us to buy MTH just slightly over 83.85, with an upside target of n/a. The data also tells us to set a stop loss @ 83.65 in case the stock turns against the trade. 83.85 is the first level of resistance above 77.02, and by rule, any break above resistance is a buy signal. In this case, 83.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MTH slightly near 83.85, target 76.11, Stop Loss @ 84.05. Details

The technical summary data is suggesting a short of MTH if it tests 83.85 with a downside target of 76.11. We should have a stop loss in place at 84.05 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 83.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

MTH Ratings for October 06:

Term →	Near	Mid	Long
Rating	Strong	Weak	Weak
P1	0	0	60.61
P2	72.31	70.95	72.12
P3	76.11	75.21	83.85

Support and Resistance Plot Chart for MTH

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