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News Corp-Cl B Crosses Below its 10-day MA (NWS)

By Amy Schwartz

News Corp-Cl B (NASDAQ:NWS) crossed under its 10-day moving average of $15.16 on a volume of 186K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of News Corp-Cl B have traded between a low of $13.10 and a high of $17.70 and are now at $14.00, which is 7% above that low price. The 200-day and 50-day moving averages have moved 0.16% higher and 0.27% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of News Corp-Cl B on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $16.01. Since that call, shares of News Corp-Cl B have fallen 3.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses news corp-cl b

Ticker(s): NWS