On Thursday, News Corp Cl B cleared a noteworthy technical benchmark, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an upgrade to 81, up from 77 the day before.
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IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating north of 80 as they launch their biggest price moves.
News Corp Cl B is building a cup with handle with a 33.37 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Earnings growth increased last quarter from 22% to 31%, but the top line fell from 5% to 1%.
The company holds the No. 2 rank among its peers in the Media-Newspapers industry group. New York Times is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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