You can see, at a glance (monthly charts
below of FOXA
), which media giants are leading or lagging each other overall...they are all at or below their respective major resistance levels.
The only one whose momentum indicator
is above zero
on this long-term timeframe is FOXA
...if it plunges and falls below zero
, no doubt the others will weaken further.
On the flip side, if FOXA
breaks and holds above its prior swing high of 39.27
, the others may gather strength, as well.
|Parent company of FOX TV|
|Parent company of MSNBC TV|
|Parent company of CNN TV|