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Bearish Moving Average Cross by Meredith Corp (MDP)

By James Quinn

Today, shares of Meredith Corp (NYSE:MDP) have crossed bearishly below their 10-day moving average of $53.81 on a volume of 129K 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 $47.30 and a high of $72.25 and are now at $52.90, which is 12% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Meredith Corp and will alert subscribers who have MDP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses meredith corp

Ticker(s): MDP