• Return to Headlines

Mdc Holdings Inc Falls 1.52% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Mdc Holdings Inc (NYSE:MDC) traded in a range yesterday that spanned from a low of $42.83 to a high of $43.91. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $43.49 on volume of 123,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Mdc Holdings Inc share prices have been bracketed by a low of $25.77 and a high of $46.78 and are now at $42.84, 66% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.3%.

SmarTrend is tracking the current trend status for Mdc Holdings Inc and will alert subscribers who have MDC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders mdc holdings inc

Ticker(s): MDC