On Tuesday, News Corp Cl A received a positive adjustment to its Relative Strength (RS) Rating, from 67 to 72.
This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History shows that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if News Corp Cl A can continue to rebound and clear that threshold.
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News Corp Cl A broke out earlier, but has fallen back below the prior 30.04 entry from a cup without handle. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and buy point. Also understand that the latest consolidation is a later-stage base, and those involve more risk.
EPS growth declined in the company's most recent report from 33% to 22%, but sales rose from 3% to 5%.
The company earns the No. 2 rank among its peers in the Media-Newspapers industry group. News Corp Cl B is the top-ranked stock within the group.
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