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Watch for Mdc Holdings Inc to Potentially Rebound After Falling 1.52% Yesterday

By Shiri Gupta

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.

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.

In the past 52 weeks, shares of Mdc Holdings Inc have traded between a low of $25.77 and a high of $46.78 and are now at $42.84, which is 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%.

Keywords: rebounders mdc holdings inc

Ticker(s): MDC