Fox Corporation is an American mass media company headquartered in New York City. The company was formed in 2019 as a result of the acquisition of 21st Century Fox by The Walt Disney Company
The current setup from #FOXA provides a good risk/reward ratio where the stock reverse to the upside after touching the 50MA.
In addition, on a relative rotation basis the Communication sector (#IXC) seems improving the overall trend.
- Good risk/reward ratio (2.05)
- #FOXA recent pullback got stopped on the 50MA
- MACD sloping up
- Low RSI
Entry at $ 37.71
Target at $ 42.68
Stop loss at $ 35.18
OTB Global Investments
13 April 2021