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Bearish Moving Average Cross by News Corp (NWS)

By David Diaz

Today, shares of News Corp (NASDAQ:NWS) have fallen below their 10-day MA of $12.98 on a volume of 148K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, News Corp has traded in a range of $10.73 to $16.17 and is now at $12.73, 19% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of News Corp on March 16th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.51. Since that recommendation, shares of News Corp have risen 5.2%. We continue to monitor NWS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses News Corp

Ticker(s): NWS