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News Corp-Cl A Bearish Moving Average Crossover Alert (NWSA)

By David Diaz

News Corp-Cl A (NASDAQ:NWSA) shares have crossed bearishly below their 10-day moving average of $14.96 on a volume of 955K 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.

Over the past year, News Corp-Cl A has traded in a range of $12.84 to $17.29 and is now at $13.77, 7% above that low. The 200-day and 50-day moving averages have moved 0.19% higher and 0.12% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of News Corp-Cl A on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $15.77. Since that call, shares of News Corp-Cl A have fallen 3.2%. 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 a

Ticker(s): NWSA