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MEG Crosses Above Key Moving Average Level

By Market News Video Staff, Thursday, January 31, 12:54 PM ET
Play Video: Learn About The 200 DMA

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In trading on Thursday, shares of Media General, Inc. (NYSE:MEG) crossed above their 200 day moving average of $4.29, changing hands as high as $4.32 per share. Media General, Inc. shares are currently trading up about 4.4% on the day. The chart below shows the one year performance of MEG shares, versus its 200 day moving average:

Media General, Inc. 200 Day Moving Average Chart

Looking at the chart above, MEG's low point in its 52 week range is $3.02 per share, with $6.84 as the 52 week high point that compares with a last trade of $4.30.

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According to the ETF Finder at ETF Channel, MEG makes up 4.70% of the Guggenheim Canadian Energy Income ETF (AMEX:ENY) which is trading lower by about 0.4% on the day Thursday.

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