Bearish MACD for Meredith Corporation

Zacks

Meredith Corporation ’s (MDP) MACD indicator has moved into bearish territory with a reading of –0.5295. The Zacks #4 Rank (“Sell”) stock decreased more 0.68% to $29.21 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending June 2012 has decreased by 8 cents over the past month to $2.49 cents per share.

 

 

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