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News Corp-Cl A Set to Possibly Rebound After Yesterday's Selloff of 4.73%

By Nick Russo

News Corp-Cl A (NASDAQ:NWSA) traded in a range yesterday that spanned from a low of $12.88 to a high of $13.46. Yesterday, the shares fell 4.7%, which took the trading range below the 3-day low of $13.28 on volume of 484,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for News Corp-Cl A and will alert subscribers who have NWSA in their portfolio or watchlist when shares have changed trend direction.

News Corp-Cl A share prices have moved between a 52-week high of $14.66 and a 52-week low of $10.65 and are now trading 21% above that low price at $12.89 per share. The 200-day and 50-day moving averages have moved 0.19% higher and 0% lower over the past week, respectively.

Keywords: rebounders news corp-cl a

Ticker(s): NWSA