According to Surperformance rating, the company is an opportunity for a trading strategy. Moreover, brokers have lately revised upward their revenues' estimates for this year.

The security follows a downward trend in the short term, under the USD 29.6 resistance area. However, the selling pressure could soon run out of steam. Indeed, whereas the stock shows an oversold condition, the USD 27.8 support area currently tested might stop the bearish trend in the short term.

Thanks to the technical pattern and M.D.C. Holdings strong fundamentals, active investors can take a long position above USD 27.8. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goals will be fixed at USD 29.6 in a first time and then at USD 31.
However, a bearish trend would regain the upper hand if the security crosses USD 27.8.