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Meredith Rising Today on Above-Average Volume (MDP)

By James Quinn

Meredith shares are trading on heavy volume today, having risen 1.2% to $55.65. Approximately 268,000 shares have changed hands today vs. average 30-day volume of 217,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of Meredith on April 28th, 2017 by issuing a Downtrend alert when the shares were trading at $60.63. Since that call, shares of Meredith have fallen 9.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Meredith has traded in a range of $35.03 to $66.25 and is now at $55.50, 58% above that low. The 200-day and 50-day moving averages have moved 0.02% lower and 1.21% higher over the past week, respectively.

Keywords: unusual volume Meredith

Ticker(s): MDP