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Relative Strength Media Outlet Forms High Tight Bull Flag

by | Jan 26, 2025

Fox Corp (FOXA) shares of the media name are sporting a strong bull flag near recent highs as the stock closed Friday just above its monthly value area near 49 and has a looming bullish MACD cross setting up a move to new highs north of 50. FOXA has stayed strong relative to the market the past month after it closed 2024 near the highs and BAML recently noted that they expect the quarter to reflect the benefit of political, alongside robust Sports advertising, among other drivers. They view Fox as an attractive name with optionality to go in many different directions and reiterated their Buy rating and $55 target. FOXA still has 1000 January 2026 $45 calls in OI bought last summer.

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