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New York Times-A Set to Possibly Rebound After Yesterday's Selloff of 1.37%

By Amy Schwartz

New York Times-A (NYSE:NYT) traded in a range yesterday that spanned from a low of $29.88 to a high of $30.68. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $29.99 on volume of 727,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of New York Times-A have traded between a low of $21.34 and a high of $36.25 and are now at $30.20, which is 42% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of New York Times-A on August 7th, 2019 by issuing a Downtrend alert when the shares were trading at $31.66. Since that call, shares of New York Times-A have fallen 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders new york times-a

Ticker(s): NYT