Stock of the Day: FOX Corporation

In today’s stock of the day, I’d like to revisit FOX Corporation, a setup I highlighted back on June 18. At the time, the price was trading within a tight flag formation, and we were awaiting a breakout to the upside. That breakout materialized at the end of the previous week, and this week, price action confirmed the move as FOX held above the upper boundary of the flag.

This confirms a valid buy signal, and attention now shifts to the next target: the red neckline of the larger inverse head and shoulders formation. A daily close above this neckline would open the door for a strong continuation higher and mark an excellent opportunity for long-term buyers.