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New York Times-A Set to Possibly Rebound After Yesterday's Selloff of 1.48%

By Shiri Gupta

New York Times-A (NYSE:NYT) traded in a range yesterday that spanned from a low of $18.00 to a high of $18.55. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $18.55 on volume of 595,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, New York Times-A share prices have been bracketed by a low of $10.60 and a high of $20.15 and are now at $18.33, 73% above that low price. Over the past week, 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 May 3rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.58. Since that recommendation, shares of New York Times-A have risen 19.4%. We continue to monitor NYT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders new york times-a

Ticker(s): NYT