Meredith Corporation : Running out of steam as opportunity
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$37.44 | $0 | $35.6 | -100% |
After a sharp rise toward USD 44.2, the security has run out of steam and return to the USD 36.75 area, which is now a major support. Thanks to this level and the 50-day moving average in support, prices should bounce toward USD 41.2.
The most active investors can buy the share in this area and target a return toward USD 41.2, then USD 44.2. A stop loss can be placed under the USD 36.75 support.