Fox Corp Shows Rising Relative Strength; Still Shy Of Key Benchmark

On Wednesday, Fox Corp (FOXA) got an upgrade to its Relative Strength (RS) Rating, from 70 to 74.


When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the trailing 52 weeks compares to the rest of the market.

History shows that the top-performing stocks often have an 80 or higher RS Rating as they launch their largest price moves. See if Fox Corp Cl A can continue to rebound and hit that benchmark.

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Fox Corp Cl A has risen more than 5% past a 32.28 entry in a first-stage cup with handle, meaning it’s now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.

In terms of revenue and profits, Fox Corp Cl A has posted rising EPS growth in each of the last two reports. Sales gains have also increased during the same period. The company is expected to release its next quarterly numbers on or around May 6.

The company holds the No. 3 rank among its peers in the Media-Diversified industry group. Sony Group (SONY) and GRUPO TELEVISA S A GDS (TV) are also among the group’s highest-rated stocks.

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