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MDC Holdings (MDC) Price Target Raised Alert, Watch for 16.8% Technical Uptrend Continuation

Posted on: Thu, 24 Sep 2009 09:21:00 EDT

Symbols: MDC

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Sep 24, 2009 (SmarTrend(R) Spotlight via COMTEX) --
MDC | Quote | Chart | News | PowerRating -- MDC Holdings (NYSE:MDC) reiterated Buy, $41 target, at Goldman. The stock closed yesterday at $36.58 on volume of 596,100 shares, below average daily volume of 686,151.

MDC Holdings is currently above its 50-day moving average of $35.42 and above its 200-day moving average of $31.86.

SmarTrend is bullish on shares of MDC and our subscribers received an Uptrend alert on July 17, 2009 at $31.33, which has returned 16.8% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on M.D.C Holdings Inc (MDC) MDC. M.D.C Holdings Inc (MDC) has Short Term PowerRatings at TradingMarkets. Details on M.D.C Holdings Inc (MDC) Short Term PowerRatings is available at This Link.

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