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Shares of MDP Down 22.6% Since Downtrend Call on Shares

By Shiri Gupta

SmarTrend identified a Downtrend for Meredith Corp (NYSE:MDP) on January 2nd, 2018 at $65.68. In approximately 5 months, Meredith Corp has returned 22.65% as of today's recent price of $50.80.

Meredith Corp share prices have moved between a 52-week high of $72.25 and a 52-week low of $47.30 and are now trading 7% above that low price at $50.80 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

Meredith Corporation is a diversified media company primarily focuses on publishing and broadcasting. The Company's publishing segment includes magazine and book publishing, marketing, interactive media, licensing, and other related operations. Meredith operates network-affiliated television stations and develops syndicated television programs.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Meredith Corp.

Log in and add Meredith Corp (MDP) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights meredith corp

Ticker(s): MDP