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Upgrade Alert for News Corp (NWSA)Apr 01, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- News Corp (NASDAQ:NWSA) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $30.51 on volume of 10.2 million shares, below average daily volume of 14.9 million. 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. Potential upside of 4.8% exists for News Corp, based on a current level of $30.51 and analysts' average consensus price target of $31.98. The stock should discover initial support at its 50-day moving average (MA) of $28.89 and subsequent support at its 200-day MA of $25.04. News Corp share prices have moved between a 52-week high of $30.76 and a 52-week low of $18.32 and closed yesterday at 67% above that low price at $30.51 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 0.9%. SmarTrend recommended that subscribers consider buying shares of News Corp on December 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.97. Since that recommendation, shares of News Corp have risen 22.2%. We continue to monitor NWSA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. 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 |