Media General Inc. (MEG) Stock Analysis 2011

By Tim - http://stockstobuy.org ( Stock Forum )

The following is Media General Inc. (MEG) stock technical analysis for October 29, 2011

Media General Inc. (MEG) Support & Resistance Levels - 10/29/11

Resistance Levels: $3.99, $4.11

Support Levels: $2.63, $2.50

Chart - http://www.stockcharts.com/

Media General Inc. (MEG) stock was one of the biggest gainers last week, jumping 82% to $3.08. Media General Inc. (MEG) rallied all the way up to $3.99 where it failed and staged a pullback. The $3.99 are will be resistance going forward. As for support, MEG will see some buying interest around $2.63 as well as $2.50. I don't know much about Media General Inc. (MEG) but if the stock breaks $4.00, it has the chance to fly. Keep an eye on MEG in the coming weeks and into 2012.

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