[July 08, 2011] News Corp. Acquisition Deal for BSkyB Uncertain (NWSA) Tweet Jul 08, 2011 (SmarTrend(R) News Watch via COMTEX) -- In the midst of the News Corporation's (NASDAQ:NWSA) phone hacking controversy. British officials said on Friday that it might take longer to review the anticipated acquisition of BskyB, which sent shares of the broadcasting company dropping even further. Since the stock has been in a plummet all week due to the emerging details of the controversy, shares are currently down 7% since Monday. Individuals had till Friday to present their views on the acquisition. Online campaign organization, Avaaz had over 375,000 signature which suggested to block the BskyB deal by the deadline. News Corp has a potential upside of 21.1% based on a current price of $16.77 and an average consensus analyst price target of $20.31. News Corp is currently above its 200-day moving average (MA) of $15.86 and should find resistance at its 50-day MA of $17.23. In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.37%. News Corporation is a diversified global media company. The Company's operations include the production and distribution of motion pictures and television programming. The Company provides television, direct satellite, and cable broadcasting and the publication of newspapers, magazines, books and promotional inserts. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]