The intraday price for Meredith Corp. has moved below its 200 period 30 minute moving average of 34.09. MDP is around 33.96 bucks now. Going below the moving average deepens the negative trend.

The price is already below support of $34.77.

Other stocks to watch – these have a positive correlation with Meredith Corp.:

(NDON) with a correlation of 95.42%

(SBLR) with a correlation of 94.75%

(SJ09) with a correlation of 95.21%

(SV52) with a correlation of 96.69%

WheelingPittsburgh Corp. (WPSC) with a correlation of 95.89%

For the math geeks and quants – the most recent Slope: -0.69 Intercept: 34.77 close: 33.96