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Bearish Moving Average Cross by Meredith Corp (MDP)

By Amy Schwartz

Today, shares of Meredith Corp (NYSE:MDP) have crossed bearishly below their 10-day moving average of $57.56 on a volume of 168K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Meredith Corp have traded between a low of $43.85 and a high of $72.25 and are now at $57.42, which is 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Meredith Corp on January 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $65.68. Since that call, shares of Meredith Corp have fallen 11.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses meredith corp

Ticker(s): MDP