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4 Big Stocks on Traders' Radars

News Corp.

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Nearest Resistance: $33.50
Nearest Support: $32.50
Catalyst: Shareholder Settlement, Restructuring

>>5 Stocks With Big Insider Buying

Last up, News Corp. ( NWSA) is seeing hefty trading volume this afternoon after news hit that a judge had approved the firm's $139 million settlement with shareholders over the phone hacking scandal. The arrangement means a payout from the firm's insurers to NWSA's own coffers, a move that rewards shareholders through an equity boost. At the same time, ongoing restructuring news is adding to the buoyancy in News Corp's shares today. As I write, the stock is up more than 2%.

In the near-term, News Corp. is breaking out today, rallying above the $32.50 level in a rounding bottom pattern. It's a short-term pattern, so it's likely to hit its head on resistance at $33.50 in the more intermediate term, but for investors looking for an entry, this is a good one. NWSA's uptrend this year remains intact, and the technicals look attractive at this point.

If you decide to buy, keep a protective stop in place.

To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr.



-- Written by Jonas Elmerraji in Baltimore.

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Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to
TheStreet . Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes , Investor's Business Daily , and on CNBC.com. Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.

Follow Jonas on Twitter @JonasElmerraji
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SYM TRADE IT LAST %CHG
ALU $3.58 0.00%
NWSA $14.60 0.00%
NBG $1.13 0.00%
PFE $33.37 0.00%
AAPL $126.44 0.00%

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