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Shares of Meredith Corp Down on Above Average Volume, Moving Against Trend (MDP)

By Nick Russo

The price of Meredith Corp shares has slipped to $55.00 (a 0.2% change) on heavy trading volume. About 493,000 shares have been traded today, as compared to the 30-day average volume of 450,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Meredith Corp on June 20th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.05. Since that recommendation, shares of Meredith Corp have risen 3.9%. We continue to monitor MDP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Meredith Corp has traded in a range of $47.30 to $72.25 and is now at $54.95, 16% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Keywords: unusual volume meredith corp

Ticker(s): MDP