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Read All About It: News Corp. Stock Is Poised to Change Direction

Guy Ortmann

The NWSA chart, below, shows the stock's $15.00 level functioned as support through June and July of last year until this level was violated in mid-August with heavy trading volume. In mid-June, NWSA saw a significant amount of trading volume push price almost vertically above the long-term downtrend line that had been in force for almost a year while also successfully pushing above the high VAP level.