100s of titles, one news app for just $10 a month.
Dive Deeper:
This Foreboding Sign Looms Over Fox's Chart
If history is any guide, there may be trouble ahead for shares of Fox (NASDAQ:FOX). A so-called "death cross" has…
This Foreboding Sign Looms Over Canadian Imperial Bank's Chart
If history is any guide, there may be trouble ahead for shares of Canadian Imperial Bank (NYSE:CM). A so-called "death…
Will Investors Notice Exciting Sign On WestRock's Chart?
If history is any guide, there may be good fortune ahead for shares of WestRock (NYSE:WRK). A so-called "golden cross"…
Will Chart Analysts Notice Bad Omen on FactSet Research Systems's Chart
If history is any guide, there may be trouble ahead for shares of FactSet Research Systems (NYSE:FDS). A so-called "death…
One subscription that gives you access to news from hundreds of sites
Will Chart Analysts Notice Bad Omen on CNH Industrial's Chart
If history is any guide, there may be trouble ahead for shares of CNH Industrial (NYSE:CNHI). A so-called "death cross"…
Ominous Death Cross Forms On Fortinet's Chart
If history is any guide, there may be trouble ahead for shares of Fortinet (NASDAQ:FTNT). A so-called "death cross" has…
Get all your news in one place
Latest Business news:
Bitcoin Recovers to $30,000 Area After Shedding Weekend Weakness
Bitcoin recovered to around $30,000 after spending most of the weekend below that level.
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
How to Make Money (or Even Get Rich) During a Stock Market Crash
A crash creates buying opportunities if you can develop the right mindset.
HSBC suspends head of responsible investing who called climate warnings ‘shrill’
Bank investigating Stuart Kirk’s conference speech deriding flooding risks and climate warnings from UN and Bank of England
Star chairman says casino needs cleansing
Star Entertainment executive chairman John O'Neill says extraordinary action was required to clean up the embattled casino operator.
After $5 Trillion Rout, Emerging Markets Seek Turnaround Signal
The wreckage of a $5 trillion rout in emerging markets is starting to look like a buying opportunity to some…
From analysis to good news, read the world’s best news in one place
New Zealand PM Ardern to visit U.S. to boost exports, lure tourists
New Zealand Prime Minister Jacinda Ardern will visit the United States this week in a bid to boost exports and…
Rod Sims says Facebook should be forced to negotiate with SBS under news media bargaining code
Despite dozens of deals to pay Australian news publishers for content, social media company has left out SBS and the…

A Bearish Sign Appears On Fox's Chart

By Benzinga Insights

If history is any guide, there may be trouble ahead for shares of Fox (NASDAQ:FOXA). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

What To Know: Many traders use moving average crossover systems to make their decisions.

When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.

Why It's Important: The 50-day and the 200-day simple moving averages are commonly used.

The death cross occurs when the 50-day moves below the 200-day. This could mean the long-term trend is changing.

That just happened with Fox, which is trading around $33.35 at publication time.

Remember: Seasoned investors don't blindly trade Death Crosses.

Instead, they use it as a signal to start looking for short positions based on other factors, like price levels and company fundamentals & events.

For seasoned investors, this is just a sign that it might be time to start considering possible short positions.

With that in mind, take a look at Fox's past and upcoming earnings expectations:

Quarter Q3 2022 Q2 2022 Q1 2022 Q4 2021
EPS Estimate 0.88 0.03 1.03 0.57
EPS Actual 0.81 0.13 1.11 0.65
Revenue Estimate 3.39B 4.26B 2.93B 2.75B
Revenue Actual 3.46B 4.44B 3.04B 2.89B

Also consider this overview of Fox analyst ratings:

Do you use the Death Cross signal in your trading or investing? Share this article with a friend if you found it helpful!

This article was generated by Benzinga's automated content engine and reviewed by an editor.

What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
This Foreboding Sign Looms Over Fox's Chart
If history is any guide, there may be trouble ahead for shares of Fox (NASDAQ:FOX). A so-called "death cross" has…
This Foreboding Sign Looms Over Canadian Imperial Bank's Chart
If history is any guide, there may be trouble ahead for shares of Canadian Imperial Bank (NYSE:CM). A so-called "death…
Will Investors Notice Exciting Sign On WestRock's Chart?
If history is any guide, there may be good fortune ahead for shares of WestRock (NYSE:WRK). A so-called "golden cross"…
Will Chart Analysts Notice Bad Omen on FactSet Research Systems's Chart
If history is any guide, there may be trouble ahead for shares of FactSet Research Systems (NYSE:FDS). A so-called "death…
One subscription that gives you access to news from hundreds of sites
Will Chart Analysts Notice Bad Omen on CNH Industrial's Chart
If history is any guide, there may be trouble ahead for shares of CNH Industrial (NYSE:CNHI). A so-called "death cross"…
Ominous Death Cross Forms On Fortinet's Chart
If history is any guide, there may be trouble ahead for shares of Fortinet (NASDAQ:FTNT). A so-called "death cross" has…
Get all your news in one place