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Mdc Holdings Inc Rises 3.00% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Mdc Holdings Inc (NYSE:MDC) traded in a range yesterday that spanned from a low of $44.13 to a high of $44.82. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $44.53 on volume of 92,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Mdc Holdings Inc share prices have moved between a 52-week high of $44.82 and a 52-week low of $25.14 and are now trading 78% above that low price at $44.80 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.7%.

Keywords: rebounders mdc holdings inc

Ticker(s): MDC