In a welcome move, News Corp Cl A saw its Relative Strength Rating improve from 67 to 71 on Friday.
IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their 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 trying to complete a flat base with a 30.04 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings growth rose last quarter from 21% to 31%, but revenue fell from 6% to 3%.
The company holds the No. 3 rank among its peers in the Media-Newspapers industry group. New York Times is the top-ranked stock within the group.
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