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Next Support Level for Meredith Corp (MDP) is $56.73

By James Quinn

Meredith Corp (NYSE:MDP) has opened bearishly below the pivot of $57.43 today and has reached the first level of support at $56.97. Should the shares continue to fall, the support pivots of $56.73 and $56.03 will be of interest.

Over the past year, Meredith Corphas traded in a range of $0.00 to $66.25 and are now at $0.00. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

Potential upside of 0.0% exists for Meredith Corp, based on a current level of $0.00 and analysts' average consensus price target of $61.50. The stock should find initial resistance at its 200-day moving average (MA) of $45.01 and further resistance at its 50-day MA of $46.77.

SmarTrend is monitoring the recent change of momentum in Meredith Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Meredith Corp in search of a potential trend change.

Keywords: pivot alerts meredith corp

Ticker(s): MDP