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Mdc Partners-A Up 20.7%, Shares Break Through Resistance (MDCA)

By David Diaz

Mdc Partners-A (NASDAQ:MDCA) is one of today's best performing low-priced stocks, up 20.7% to $2.45 on 1.2x average daily volume. Thus far today, Mdc Partners-A has traded 357,000 shares, vs. average volume of 290,000 shares per day. The stock has outperformed the Dow (20.7% to the Dow's 0.2%) and outperformed the S&P 500 (20.7% to the S&P's 0.2%) during today's trading.

In the past 52 weeks, shares of Mdc Partners-A have traded between a low of $2.03 and a high of $9.85 and are now at $2.45, which is 21% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1.2%.

Potential upside of 287.8% exists for Mdc Partners-A, based on a current level of $2.45 and analysts' average consensus price target of $9.50. The stock should find initial resistance at its 50-day moving average (MA) of $2.91 and further resistance at its 200-day MA of $3.73.

MDC Partners Inc. is a marketing communications firm. The Company provides advertising and specialized communication services to brands throughout the United States, Canada, and the United Kingdom.

SmarTrend is monitoring the recent change of momentum in Mdc Partners-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mdc Partners-A in search of a potential trend change.

Keywords: penny stocks mdc partners-a

Ticker(s): MDCA