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Bullish Moving Average Cross by Meredith Corp (MDP)

By Shiri Gupta

Today, shares of Meredith Corp (NYSE:MDP) have crossed bullishly above their 10-day moving average of $50.40 on a volume of 175K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Meredith Corp share prices have moved between a 52-week high of $72.25 and a 52-week low of $43.85 and are now trading 15% above that low price at $50.60 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

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 25.2%. 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