News Corp: The Winning Streak Continues (NWSA)

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Dec 19, 2012 (52 Week high-lows via COMTEX) -- News Corp (NASDAQ:NWSA) traded today at a new 52-week high of $25.53. So far today approximately 8 million shares have been exchanged, as compared to an average 30-day volume of 16.1 million shares.

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.

In the past 52 weeks, shares of News Corp have traded between a low of $16.68 and a high of $25.53 and are now at $25.40, which is 52% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has remained constant.

There is potential upside of 10.4% for shares of News Corp based on a current price of $25.40 and an average consensus analyst price target of $28.03. The stock should find initial support at its 50-day moving average (MA) of $24.39 and further support at its 200-day MA of $22.07.

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Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.

Copyright, Comtex News Network, Inc. 2012

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