TradersHuddle Scanner - High Volume For New York Times

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TradersHuddle Scanner - High Volume For New York Times

Published on Wednesday, 08 September 2010 11:44 Written by Christopher Lynn

nyt New York, September 8th (TradersHuddle.com) - Unusual high volume detected on shares of New York Times Company (NYSE:NYT), early in the trading session. New York Times is currently trading higher by 5.8%, so definitely the buyers stepping in, as the stock's volume is already above average.

The New York Times Company (NYSE:NYT) is a diversified media company, conducts operations in newspapers, magazines, television and radio stations, and electronic information and publishing. The Company's publications include The New York Times and The Boston Globe.

New York Times has already traded 1.192 times its 3-month average volume, and has calculated support and resistance at $7.06 and $8.38 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading higher by 0.86% from its previous trading close, which means that New York Times stock is outperforming the overall market.

UPDATE: Benchmark Raises PT on The New York Times Company to $8 - Benzinga
Benchmark Raises PT on New York Times Company to $8 - Benzinga
New York Times Highlights Print Media Problems - Benzinga
New York Times CEO Leaves Company at Crossroads - TheStreet.com
New York Times Company Stock Downgraded (NYT) - TheStreet.com
New York Times Warns of Ad Pressure - TheStreet.com
New York Times Stock Hits New 52-Week Low (NYT) - TheStreet.com

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