Shares of News Corp Rise to a New 52-Week High
News Corp (NASDAQ:NWSA) traded at a new 52-week high today of $26.93. Approximately 2.9 million shares have changed hands today, as compared to an average 30-day volume of 15.5 million shares.
News Corp (NASDAQ:NWSA) has potential upside of 5.7% based on a current price of $26.85 and analysts' consensus price target of $28.38. The stock should discover initial support at its 50-day moving average (MA) of $24.67 and subsequent support at its 200-day MA of $22.53.
News Corporation is a diversified global media company. The Company's operations include the production and distribution of motion pictures and television programming. The Company provides television, direct satellite, and cable broadcasting and the publication of newspapers, magazines, books and promotional inserts.
In the past 52 weeks, News Corp share prices have been bracketed by a low of $18.22 and a high of $26.93 and are now at $26.85, 47% above that low price. The 200-day and 50-day moving averages have moved 0.43% higher and 0.44% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of News Corp on December 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.97. Since that recommendation, shares of News Corp have risen 5.7%. We continue to monitor NWSA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows News Corp