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New York Times-A Set to Possibly Rebound After Yesterday's Selloff of 2.21%

By David Diaz

New York Times-A (NYSE:NYT) traded in a range yesterday that spanned from a low of $31.24 to a high of $31.65. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $31.75 on volume of 203,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for New York Times-A and will alert subscribers who have NYT in their portfolio or watchlist when shares have changed trend direction.

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 $31.58, which is 48% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

Keywords: rebounders new york times-a

Ticker(s): NYT