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McGraw-Hill Shares Climbing Higher, Up 3.4%

Published on Thu, 03/28/2013 - 12:15
By Peter Chu

McGraw-Hill (NYSE:MHP) is a company whose shares are active, trading 3.4% higher to $52.19. The Dow Jones Industrial Average is now trading 0.3% higher to 14,563 and the S&P is trading 0.2% higher to 1,566.

The McGraw-Hill Companies, Inc. is a global information services provider. The Company operates in the finance, business, education, construction, medical and health, energy, automotive, aerospace, defense, and broadcasting markets. McGraw-Hill uses a variety of media, including books, magazines, newsletters, software, on-line data services,CD-ROMs, facsimile, and television broadcasting.

McGraw-Hill (NYSE:MHP) has potential upside of 9.9% based on a current price of $52.19 and analysts' consensus price target of $57.33. The stock should find initial support at its 200-day moving average (MA) of $50.56 and further support at its 50-day MA of $49.35.

Over the past year, McGraw-Hill has traded in a range of $42.02 to $58.62 and is now at $52.19, 24% above that low. The 200-day and 50-day moving averages have moved 0.20% higher and 0.48% lower over the past week, respectively.

By Peter Chu
pchu@fnno.com