Trade-Ideas LLC identified
) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Twenty-First Century Fox as such a stock due to the following factors:
- FOX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $348.1 million.
- FOX has traded 4.8 million shares today.
- FOX traded in a range 225.8% of the normal price range with a price range of $1.16.
- FOX traded above its daily resistance level (quality: 12 days, meaning that the stock is crossing a resistance level set by the last 12 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).
Stocks matching the 'Barbarian at the Gate' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying positive price action. In this case, the stock crossed an important inflection point; namely, 'resistance' while at the same time the range of the stock's movement in price is more than twice its normal size. This large range foreshadows a possible continuation as the stock moves higher.
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More details on FOX:
Twenty-First Century Fox, Inc. operates as a diversified media and entertainment company worldwide. It operates through Cable Network Programming; Television; Filmed Entertainment; and Other, Corporate and Eliminations segments. The stock currently has a dividend yield of 1.2%. FOX has a PE ratio of 14. Currently there are 2 analysts that rate Twenty-First Century Fox a buy, no analysts rate it a sell, and none rate it a hold.
The average volume for Twenty-First Century Fox has been 5.9 million shares per day over the past 30 days. Twenty-First Century Fox has a market cap of $20.7 billion and is part of the services sector and media industry. The stock has a beta of 1.66 and a short float of 2.6% with 0.98 days to cover. Shares are down 29.9% year-to-date as of the close of trading on Tuesday.
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rates Twenty-First Century Fox as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself.
Highlights from the ratings report include:
- The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Media industry and the overall market, TWENTY-FIRST CENTURY FOX INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
- Even though the current debt-to-equity ratio is 1.11, it is still below the industry average, suggesting that this level of debt is acceptable within the Media industry. Despite the fact that FOX's debt-to-equity ratio is mixed in its results, the company's quick ratio of 1.97 is high and demonstrates strong liquidity.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Media industry. The net income has significantly decreased by 91.3% when compared to the same quarter one year ago, falling from $999.00 million to $87.00 million.
- Net operating cash flow has decreased to $983.00 million or 26.96% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
- You can view the full Twenty-First Century Fox Ratings Report.