The Relative Strength (RS) Rating for News Corp Cl B headed into a new percentile Wednesday, as it got a lift from 70 to 75.
This unique rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best stocks typically have an RS Rating north of 80 as they launch their largest runs. See if News Corp Cl B can continue to show renewed price strength and hit that benchmark.
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While the stock is not near a proper entry right now, see if it goes on to form and break out of a proper chart pattern.
EPS growth dropped in the company's latest report from 33% to 22%, but sales rose from 3% to 5%. Keep an eye out for the company's next round of numbers on or around May 8.
The company earns the No. 1 rank among its peers in the Media-Newspapers industry group. New York Times and News Corp Cl A are also among the group's highest-rated stocks.
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.
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