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SmarTrend Watching for Potential Pullback in Shares of Mdc Holdings Inc After 3.00% Gain

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.

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. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.2%.

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