[July 11, 2011] News Corp. Shares Fall 5% (NWSA) Tweet Jul 11, 2011 (SmarTrend(R) News Watch via COMTEX) -- Shares of News Corp (NWSA) fell almost 5% to $15.85 early Monday the day after the reports surfaced that the U.K.'s Prime Minister David Cameron is facing pressure to setback approval of the company's acquisition of British Sky Broadcasting Group. News Corp. which offered BskyB for $14 billion for 61% of BskyB noticed the pressure to delay after the share price took a hit last week in the midst of the phone-hacking scandal at the now defunct News of the World publication. News Corp. has a potential upside of 27.7% based on a current price of $15.91 and an average consensus analyst price target of $20.31. News Corp is currently above its 200-day moving average (MA) of $15.88 and should find resistance at its 50-day MA of $17.21. In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.47%. 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 ]