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After Yesterday's Decline of 1.01%, Meredith Corp Offers Investors Better Value

By Amy Schwartz

Meredith Corp (NYSE:MDP) traded in a range yesterday that spanned from a low of $30.70 to a high of $32.63. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $32.42 on volume of 434,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Meredith Corp share prices have been bracketed by a current low of $30.70 and a high of $62.40 and are now at $32.14. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 3%.

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: rebounders meredith corp

Ticker(s): MDP