• Return to Headlines

Watch for Mdu Res Group to Potentially Pullback After Gaining 1.32% Yesterday

By David Diaz

Mdu Res Group (NYSE:MDU) traded in a range yesterday that spanned from a low of $29.08 to a high of $29.29. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $29.24 on volume of 53,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Mdu Res Group share prices have moved between a 52-week high of $29.49 and a 52-week low of $22.73 and are now trading 29% above that low price at $29.27 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Mdu Res Group and will alert subscribers who have MDU in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders mdu res group

Ticker(s): MDU