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Bearish MACD for Meredith Corp.

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Meredith Corp.’s (MDP - Free Report) MACD indicator has moved into bearish territory with a reading of –0.6404. The Zacks #4 Rank (“Sell”) stock decreased more than 0.52% to $30.67 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending June 2012 has decreased by 2 cents over the past week to $2.57 per share.


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