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After Yesterday's Rally of 3.50% Shares Could Potentially Pullback

By Amy Schwartz

News Corp-Cl A (NASDAQ:NWSA) traded in a range yesterday that spanned from a low of $13.45 to a high of $13.99. Yesterday, the shares gained 3.5%, which took the trading range above the 3-day high of $13.50 on volume of 2.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, News Corp-Cl A share prices have been bracketed by a low of $12.23 and a high of $17.29 and are now at $13.84, 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.4%.

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 14.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders news corp-cl a

Ticker(s): NWSA