• Return to Headlines

Meredith Corp Crosses Below its 10-day MA (MDP)

By Amy Schwartz

Meredith Corp (NYSE:MDP) shares have crossed bearishly below their 10-day moving average of $36.42 on a volume of 125K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Meredith Corp has traded in a range of $31.43 to $62.40 and is now at $36.15, 15% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.6% while the 200-day MA has slid 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Meredith Corp on August 5th, 2019 by issuing a Downtrend alert when the shares were trading at $52.44. Since that call, shares of Meredith Corp have fallen 30.2%. 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