News Corporation : Back on a significant threshold
Entry price | Target | Stop-loss | Potential |
---|
$15 |
$0 |
$14.4 |
-100% |
---|
News Corp reaches a strategic entry point and has a considerable potential.
The firm Surperformance rating underline the valuation level and the finances quality. The Thomson Reuters consensus average target price display a +24 % potential. Moreover, none analyst has a seller opinion.
Technically, the stock has kept a neutral trend over the past months but after a contact upon the upper limit of the indecision range, the share declined toward its lower trend line. The security is testing the USD 15 support. This zone is strengthen by the nearby weekly USD 14.71 support. This area could very likely be a stepping stone for an upcoming surge.
Therefore, investors may open a long position at current prices and target the USD 16.17 resistance. A stop loss order should be set USD 14.4.
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