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June 05, 2023
Bullish sentiment helped the mass media and publishing company to hammer out a noteworthy $18.57 to $18.97 range Friday, and finally closing at $18.8 to end the session.
- United States Services PMI is next today at 13:45 UTC.
- Friday's gains added to News Corp's bullish trend that has lasted for 3 days so far, during which it increased a total of 38 cents.
Technical analysis of News Corp before macro data is released:
Visual analysis of News Corp's chart shows that News Corp could be slowing down soon as it approaches resistance at $19. Of course, crossing it might suggest further gains are ahead.
Coming up for News Corp — United States Services PMI figure is projected at 55.1. It previously stood at 53.6; data will be released today at 13:45 UTC. United States ISM Non-Manufacturing PMI (May) is scheduled for today at 14:00 UTC.
As the markets get ready for more data to be released — Verizon closed at $34.58 (down 3.19%). AT&T closed at $15.21 (down 3.8%). T-Mobile lost 5.56% Friday and closed at $131.19.
Approximately 4 months ago, the media giant reached a significant high of $21.47 but has struggled to hold onto its gains and declined 12.95% since then.
