Score 7.4 (out of 10): FOX – CLASS B poised to rally +3.3% rally in 2 weeks

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What’s Going On Here?

FOX reported fiscal fourth-quarter results on Wednesday with revenue rising 5% from the prior year to $3.03 billion and diluted earnings per share of 55 cents. The company reported solid growth across its TV and cable segments.

Why Now?

FOX – CLASS B has reached a new shorter-term low. Previously, during similar occasions, FOX – CLASS B shares had a median return of +3.3%, over the following 2 weeks based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for FOX – CLASS B received a high score of 7.4 (out of 10). This insight was generated on 2022-September-6 with last price of 30.55.

What’s This Token About?

FOX – CLASS B is in the Broadcast Serv/Program business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: FOXA US.

What’s My Risk / Reward and Time Horizon?

We found 2 weeks to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 31.57 (+3.3%) has been reached. Based on FOX – CLASS B’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 29.65 (last price at 30.55), which is equivalent to a -2.9% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

3.5% (June- 2022), 2.6% (March-2022), -9.1% (November-2021), 12.2% (September-2021), 0.8% (June-2021), 5.3% (March-2021), 2.7% (October-2020), 9.6% (August-2020), 13% (May-2020), 3.2% (January- 2020).

Historical Chart:

Summary:

NameFOX – CLASS B
ViewUp
Star (1 to 10)7.4
Target3.3%
Time2 weeks
Hit Rate90%

———————————————————————avWe found 2 weeks to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 31.57 (+3.3%) has been reached. Based on FOX – CLASS B’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 29.65 (last price at 30.55), which is equivalent to a -2.9% decline.

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