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MDC Holdings Crosses Above its 10-day MA (MDC)

By James Quinn

Today, shares of MDC Holdings (NYSE:MDC) have advanced above their 10-day MA of $22.32 on a volume of 120K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, MDC Holdings has traded in a range of $19.28 to $31.23 and is now at $22.91, 19% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of MDC Holdings on May 5th, 2016 by issuing a Downtrend alert when the shares were trading at $23.87. Since that call, shares of MDC Holdings have fallen 7.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses mdc holdings

Ticker(s): MDC