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Watch for Meredith Corp to Potentially Rebound After Falling 1.01% Yesterday

By Nick Russo

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.

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.

Meredith Corp share prices have moved between a 52-week high of $62.40 and the current low of $30.70 and are currently at $32.14 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 3% while the 200-day MA has slid 0.5%.

Keywords: rebounders meredith corp

Ticker(s): MDP