In a welcome move, New York Times Company ( NYT ) saw its Relative Strength Rating improve from 68 to 74 on Monday.
[ibd-display-video id=2881825 width=50 float=left autostart=true] This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if New York Times Company can continue to show renewed price strength and hit that benchmark.
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New York Times Company is trying to complete a double bottom with a 20.20 entry . See if the stock can clear the breakout price in heavy trade.
While the company's top line growth fell last quarter from 9% to 6%, earnings-per-share grew 117%, up from 64% in the prior report.
New York Times Company earns the No. 1 rank among its peers in the Media-Newspapers industry group. News Corporation ( NWSA ) and News Corporation ( NWS ) are also among the group's highest-rated stocks.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
