Trading M.d.c. Holdings MDC With Integrated Risk Controls

October 06, 2022, 15:15 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The M.d.c. Holdings (NYSE: MDC) report below can help you, but we have more details too. The trading plans for MDC, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for MDC

• Buy MDC slightly over 29.50 target 34.29 stop loss @ 29.41 Details

The technical summary data tells us to buy MDC near 29.50 with an upside target of 34.29. This data also tells us to set a stop loss @ 29.41 to protect against excessive loss in case the stock begins to move against the trade. 29.50 is the first level of support below 30.06 , and by rule, any test of support is a buy signal. In this case, support 29.50 is being tested, a buy signal would exist.

• Short MDC slightly under 34.29, target 29.50, stop loss @ 34.39 Details

The technical summary data is suggesting a short of MDC as it gets near 34.29 with a downside target of 29.50. We should have a stop loss in place at 34.39though. 34.29 is the first level of resistance above 30.06, and by rule, any test of resistance is a short signal. In this case, if resistance 34.29 is being tested, a short signal would exist.

Swing Trading Plans for MDC

• Buy MDC slightly over 34.29, target n/a, Stop Loss @ 34.19 Details

If 34.29 begins to break higher, the technical summary data tells us to buy MDC just slightly over 34.29, with an upside target of n/a. The data also tells us to set a stop loss @ 34.19 in case the stock turns against the trade. 34.29 is the first level of resistance above 30.06, and by rule, any break above resistance is a buy signal. In this case, 34.29, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MDC slightly near 34.29, target 29.50, Stop Loss @ 34.39. Details

The technical summary data is suggesting a short of MDC if it tests 34.29 with a downside target of 29.50. We should have a stop loss in place at 34.39 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 34.29, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MDC

• Buy MDC slightly over 34.29, target n/a, Stop Loss @ 34.21 Details

If 34.29 begins to break higher, the technical summary data tells us to buy MDC just slightly over 34.29, with an upside target of n/a. The data also tells us to set a stop loss @ 34.21 in case the stock turns against the trade. 34.29 is the first level of resistance above 30.06, and by rule, any break above resistance is a buy signal. In this case, 34.29, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MDC slightly near 34.29, target 29.50, Stop Loss @ 34.37. Details

The technical summary data is suggesting a short of MDC if it tests 34.29 with a downside target of 29.50. We should have a stop loss in place at 34.37 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 34.29, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

MDC Ratings for October 06:

Term →	Near	Mid	Long
Rating	Strong	Weak	Weak
P1	0	0	24.86
P2	28.21	27.34	29.50
P3	29.33	28.87	34.29

Support and Resistance Plot Chart for MDC

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