One important metric to look for in a stock is an 80 or higher Relative Strength Rating. News Corp Cl B cleared that benchmark Tuesday, with a jump from 79 to 82 Tuesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
News Corp Cl B is building a cup with handle with a 33.37 buy point. See if it can break out in volume at least 40% higher than normal.
While sales growth fell last quarter from 5% to 1%, EPS grew 31%, up from 22% in the prior report.
The company holds the No. 2 rank among its peers in the Media-Newspapers industry group. New York Times is the top-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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
