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Shares of MDP Down 35.7% Since Downtrend Call on Shares

By James Quinn

SmarTrend identified a Downtrend for Meredith Corp (NYSE:MDP) on August 5th, 2019 at $52.44. In approximately 2 months, Meredith Corp has returned 35.66% as of today's recent price of $33.74.

In the past 52 weeks, shares of Meredith Corp have traded between a low of $31.43 and a high of $62.40 and are now at $33.74, which is 7% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 2.8%.

Meredith Corporation operates as a diversified media company in the United States, Europe, and Asia. It operates in two segments, National Media and Local Media. s.

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