As per technical analysis, News Corporation (NWSA), Micron Technology (MU), United Airlines (UAL) displaying signs of Strong Buy. Investors—big and small—don’t sleep on these exciting opportunities! In a market ranging with volatility, technical analysis can be an invaluable resource for investors looking to make their next big stock pick. TipRanks’ Technical Analysis smart tool provides investors with a simple, easy-to-understand dashboard that takes numerous different indicators and turns them into digestible, actionable insights.
News Corp Shows Bullish Momentum
News Corporation (NYSE:NWSA), an American, diversified media and information services company has had a terrific bullish run in the stock market. That’s gone over quite well with the market, as the company’s stock has surged more than 8% year-to-date.
This produces a short-term Rate of Change (ROC) of 4.2 for News Corporation (NWSA). An ROC above zero generally indicates upward price momentum, which would be a positive indication for the stock as it strengthens the Buy signal.
Using these indicators, technical analysis finds News Corporation (NWSA) as a Strong Buy. That’s a good sign that there’s more of that same strong performance yet to be seen in the short term.
Mixed Signals for Tech and Travel Sectors
The fourth of our big movers this year, Micron Technology (MU) has more than tripled to date. The stock has more than doubled, up more than 40% year-to-date, indicating how strong and competitive the technology sector has been.
Unlike United Airlines (UAL), the road has been rocky. Despite their strong quarter, the airline has seen its stock tumble over 10% YTD, indicative of the current choppy nature of the airline financial market.
In addition to its own recent woes, United Airlines (UAL) has appeared as a Strong Buy signal in technical analysis. Currently the Williams %R tool is suggesting a Buy signal for United Airlines (UAL). It would seem, then, that the company is poised for a long-awaited turnaround.
Tools for Investors
TipRanks provides an all-in-one platform to help investors make more informed decisions. The Technical Analysis Screener is another useful tool within Stock Rover that allows investors to filter stocks based on several common technical indicators.
Kirti Tak, a research analyst at financial analysis site TipRanks, recently wrote about how powerful technical analysis can be in helping you find opportunities even in rocky market conditions. For those investors who want more detailed analysis in addition to the weather data, TipRanks has a Premium service, which is now 50% off.
