News Corp (NWS) NewsBite - NWS Could Be On the Move

Posted: Thursday, July 02, 2009 10:07 AM EDT

News Corp (NWS) could be on the move today and is now at $10.17, down $0.47 (-4.42%) on volume of 465,060 shares traded. Over the last 52 weeks the stock has ranged from a low of $5.61 to a high of $15.54. News Corp stock has been showing support around $10.37 and resistance in the $11.05 range. Technical indicators for the stock are neutral and S&P gives NWS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on NWS the stock seems like it could be a candidate for an October out-of-the-money bear-call credit spread above the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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