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New Support Levels for News Corp. (NWSA)
NEW YORK (Market Intellisearch) -- In today's trading session, the shares of News Corp. crossed above the 50-day moving
average indicating a likely bullish trend. Recent activity signals that the shares may
continue to head higher in the foreseeable future assuming that the moving average
continues to rise with the price of the equity. Shares of NWSA settled the day up $0.09 to
$13.05 on lighter than usual volume. Today, the stock price ranged between $12.48 and $13.16.
The stock's 52 week low is 10.1 and the 52 week high is 17.00.
Other relevant figures to examine are the support and resistance levels. Based on the pivot points, the current support
and resistance levels for NWSA are 12.63 and 13.31 respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue and vice versa.
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