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Mdc Holdings Inc Rising on Above-Average Volume, Consistent With Trend (MDC)

By Shiri Gupta

The price of Mdc Holdings Inc shares has climbed to $42.74 (a 6.1% change) on heavy trading volume. Approximately 514,000 shares have changed hands today vs. average 30-day volume of 400,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Mdc Holdings Inc on July 2nd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.18. Since that recommendation, shares of Mdc Holdings Inc have risen 21.4%. We continue to monitor MDC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Mdc Holdings Inc has traded in a range of $25.14 to $42.60 and is now at $42.60, 69% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has risen 0.7%.

Keywords: unusual volume mdc holdings inc

Ticker(s): MDC