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SmarTrend Watching for Potential Rebound in Shares of News Corp-Cl A After 1.28% Loss

By James Quinn

News Corp-Cl A (NASDAQ:NWSA) traded in a range yesterday that spanned from a low of $13.40 to a high of $14.04. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $13.59 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of News Corp-Cl A on February 13th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.27. Since that recommendation, shares of News Corp-Cl A have risen 3.1%. We continue to monitor NWSA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, News Corp-Cl A has traded in a range of $10.54 to $14.68 and is now at $13.57, 29% above that low. The 200-day and 50-day moving averages have moved 0.37% lower and 0.91% higher over the past week, respectively.

Keywords: rebounders news corp-cl a

Ticker(s): NWSA