SmarTrend Detects Continued Buying Pressure in Shares of MDC Holdings (MDC)
Monday, February 8, 2010 - 14:21
Written on Mon, 02/08/2010 - 2:21pm
By Chip Brian

SmarTrend identified an Uptrend for MDC Holdings (NYSE:MDC) on December 22, 2009 at $31.35. In approximately 2 months, MDC Holdings has returned 6.9% as of today's recent price of $33.50.
MDC Holdings is currently above its 50-day moving average of $31.79 and above its 200-day moving average of $33.05. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of MDC Holdings shares.

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