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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 $52.79 on a volume of 203K 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 $51.70, which is 9% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

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