Shares of MEG Up 29.6% Since Uptrend Call on Shares
SmarTrend identified an Uptrend for Media General (NYSE:MEG) on September 28th, 2015 at $13.73. In approximately 13 months, Media General has returned 29.64% as of today's recent price of $17.80.
In the past 52 weeks, shares of Media General have traded between a low of $9.74 and a high of $18.65 and are now at $17.80, which is 83% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.
Media General, Inc. is a diversified communications company situated primarily in the southeastern United States. The Company holds interests in newspapers, television stations, interactive media, and diversified information services. Media General owns various daily newspapers, network-affiliated television stations, and interactive media offerings such as online enterprises.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Media General shares.
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