Meritage Homes Corp

Following a decisive support failure, MTH has plunged below the 9- and 21-day EMAs and is now extended in extreme oversold territory without any clear exhaustion signals. Medium-term structure remains bearish, and the primary execution edge lies in selling into minor relief rallies into the declining EMA zone. Patience is warranted until price retraces toward the broken support range and EMAs to improve risk-reward.

• ↑Atlas FRM and BNY Mellon added shares, underscoring institutional support.
• ↑Declared $0.48 quarterly dividend and $100M share buyback, returning $131M in Q2.
• ↓Home closing revenue fell 14% YoY to $1.4B in Q2, with closings down 9%.