The Hourly View for FOXA
At the time of this writing, FOXA (Get Ratings)’s price is down $-0.38 (-1.02%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as FOXA has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
FOXA ranks 54th in terms of today’s price percentage change out of Communication stocks.
FOXA’s Technical Outlook on the Daily Chart
Currently, FOXA’s price is down $-0.41 (-1.1%) from the day prior. This move is a reversal from the day prior, which saw price move up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Fox Corp’s price action over the past 90 days can be seen via the chart below.
For FOXA News Traders
Investors and traders in FOXA may be particularly interested in the following story that came out in the past day:
Fox Corp. (NASDAQ: FOXA ) partnered with Dan Harmon — the … Full story available on Benzinga.com
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The post Fox Corp (FOXA): Price Now Near $36.94; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News.
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