News Corp, the parent of Investor's Business Daily, saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 67 to 72.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if News Corp Cl A can continue to rebound and clear that threshold.
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Is News Corp Stock A Buy?
News Corp stock is building a long and wide consolidation with a 28.07 entry. See if it can clear the breakout price in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The media company posted negative growth for both the top and bottom lines last quarter.
News Corp stock holds the No. 1 rank among its peers in the Media-Newspapers industry group.
