The Relative Strength (RS) Rating for News Corp Cl A moved into a higher percentile Tuesday, as it got a lift from 69 to 74.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matched up against all other stocks.
Decades of market research reveals that the best-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if News Corp Cl A can continue to show renewed price strength and hit that benchmark.
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News Corp Cl A is trying to complete a flat base with a 30.04 buy point. See if the stock can clear the breakout price in heavy trading.
Earnings growth increased last quarter from 21% to 31%. But sales fell from 6% to 3%. Keep an eye out for the company's next round of numbers on or around Feb. 6.
The company earns the No. 3 rank among its peers in the Media-Newspapers industry group. Daily Journal is the No. 1-ranked stock within the group.
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