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Watch for News Corp-Cl B to Potentially Rebound After Falling 5.29% Yesterday

By Amy Schwartz

News Corp-Cl B (NASDAQ:NWS) traded in a range yesterday that spanned from a low of $12.99 to a high of $13.91. Yesterday, the shares fell 5.3%, which took the trading range below the 3-day low of $13.84 on volume of 286,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, News Corp-Cl B share prices have been bracketed by a low of $10.85 and a high of $15.01 and are now at $13.07, 20% above that low price. The 200-day and 50-day moving averages have moved 0.24% higher and 0.1% lower over the past week, respectively.

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.

Keywords: rebounders news corp-cl b

Ticker(s): NWS