SmarTrend Detects Continued Selling Pressure in Shares of The New York Times (NYT)
SmarTrend identified a Downtrend for The New York Times (NYSE: NYT) on February 04, 2010 at $12.13. In approximately 1 month, The New York Times has returned 6.1% as of today's recent price of $11.39.
The New York Times is currently below its 50-day moving average of $12.28 and should find support at its 200-day moving average of $8.82. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of The New York Times.
Write to Chip Brian at cbrian@tradethetrend.com
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