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New York Times-A Crosses Below its 10-day MA (NYT)

By Nick Russo

Today, shares of New York Times-A (NYSE:NYT) have fallen below their 10-day MA of $24.49 on a volume of 559K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, New York Times-A has traded in a range of $10.60 to $25.70 and is now at $24.35, 130% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of New York Times-A on November 29th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.67. Since that recommendation, shares of New York Times-A have risen 34.4%. We continue to monitor NYT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses new york times-a

Ticker(s): NYT