More Upside for New York Times ?

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More Upside for New York Times ?

Published on Friday, 10 August 2012 12:34 Written by TradersHuddle Wire

nyt New York, August 10th (TradersHuddle.com) - Shares of New York Times Company (NYSE:NYT) booked a new 52 week high today by trading above $9.1, traders are definitely monitoring New York Times' price action to see if this move attracts further buying into the stock.

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 is currently trading 3.06% versus its previous trading session close, and it has calculated support and resistance at $7.54 and $8.86 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

The overall market index S&P 500 is trading lower by -0.18% from its previous trading close, which means that New York Times stock is outperforming the overall market.

Note - Automated Content Created By TradersHuddle's Technical Scanner

Red All Over - TheStreet.com
The New York Times Reports Circulation Gains - Benzinga
New York Times to Launch Brazil Web Site - Benzinga
New York Times to Make $100M Profit on Indeed.com Sale - Benzinga
The New York Times Company Confirms It Is in Discussions to Sell Its About Group - Benzinga
Joichi Ito and Brian McAndrews Join New York Times Board - Benzinga
The New York Times Company Sells Its Stake in Fenway Sports Group for $63M - Benzinga
The New York Times Announces Strong Circulation Gains; Weekday Circulation up 73% over March 2011; Sunday up 50% - Benzinga
UPDATE: Citi Lowers The New York Times' PT - Benzinga
The New York Times Company Launches Ricochet, A New Social Media Advertising Program - Benzinga

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