News Corp Cl A saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 70 to 74.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating north of 80 as they launch their largest price moves. See if News Corp Cl A can continue to show renewed price strength and clear that threshold.
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News Corp Cl A is working on a flat base with a 30.04 buy point. See if the stock can break out in heavy volume.
Earnings growth rose last quarter from 21% to 31%, but revenue fell from 6% to 3%. Keep an eye out for the company's next round of numbers on or around Feb. 5.
News Corp Cl A holds the No. 3 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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