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Possible Trend Reversal, News Corp-Cl B Down on Heavy Volume (NWS)

By James Quinn

News Corp-Cl B's stock is down 0.2% to $12.75 on heavy trading volume. About 510,000 shares have been traded today, as compared to the 30-day average volume of 375,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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

In the past 52 weeks, News Corp-Cl B share prices have been bracketed by a low of $10.85 and a high of $17.10 and are now at $12.75, 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.4%.

Keywords: unusual volume news corp-cl b

Ticker(s): NWS