The Relative Strength (RS) Rating for media company Fox Corp Cl B stock got a lift to 88, still shy of key threshold of 90 or higher rating.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest runs. See if Fox Corp Cl B can continue to rebound and clear that threshold.
Looking For Winning Stocks? Try This Simple Routine
Is Fox Stock A Buy?
Fox stock saw a breakaway gap on Feb. 9 from a cup without handle pattern with a 40.61 entry. The stock has pulled back slightly, but still within the buy range. See if the stock can hit the buy point again in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips. Also, check out "Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks."
The media content provider posted -19% EPS growth last quarter, while sales growth came in at 9%.
Fox stock earns the No. 6 rank among its peers in the Media-Diversified industry group. Sony Group and Liberty Media Sr A LibSr are also among the group's highest-rated stocks.
