NWS likely to miss earnings expectation on Feb 7th.
Media companies have been getting the pants kicked off them lately, and NWS - News Corporation is at the top of an all time high on the charts, which may provide an incredible opportunity to capture a very sharp decline in the price.
Earnings will be released on Feb 7th (next week), and with price sitting at/near an all time high, if earnings are missed, it could present a very rare opportunity for short positions/short plays.
Good luck, and always use a stop.
Earnings will be released on Feb 7th (next week), and with price sitting at/near an all time high, if earnings are missed, it could present a very rare opportunity for short positions/short plays.
Good luck, and always use a stop.
Note
There's a bearish divergence on the 30 minute chart.Note
There's also a bearish divergence on the 45 min chart.Note
As well as the hourly chart.Note
A closer view of the double top that's formed on the daily chart. It's no guarantee that NWS will miss earnings tomorrow, but the charts have various points that would seem to indicate a coming drop in price. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.