In a welcome move, News Corp Cl A saw its Relative Strength Rating rise from 68 to 71 on Friday.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best stocks typically 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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News Corp Cl A is still inside a buy zone after breaking past a 28.62 buy point in a flat base. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone.
Earnings growth rose last quarter from 21% to 31%, but revenue fell from 6% to 3%.
News Corp Cl A earns the No. 3 rank among its peers in the Media-Newspapers industry group. Daily Journal is the No. 1-ranked stock within the group.
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