Meredith Breaks Above 200-Day Moving Average - Bullish for MDP


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In trading on Friday, shares of Meredith Corp. (Symbol: MDP) crossed above their 200 day moving average of $47.06, changing hands as high as $47.14 per share. Meredith Corp. shares are currently trading up about 0.2% on the day. The chart below shows the one year performance of MDP shares, versus its 200 day moving average: Meredith Corp. 200 Day Moving Average Chart

Looking at the chart above, MDP's low point in its 52 week range is $40.11 per share, with $53.84 as the 52 week high point - that compares with a last trade of $47.08.

According to the ETF Finder at ETF Channel, MDP makes up 2.70% of the PowerShares Dynamic Media Portfolio ETF (Symbol: PBS) which is trading lower by about 0.2% on the day Friday.

Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Options
Referenced Stocks: MDP , PBS

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