New York Times (NYT) Trading Near $7.89 Support Level

Print Share

Dec 05, 2012 ( via COMTEX) -- New York Times Co (NYSE:NYT) closed Tuesday's trading session at $8.06. In the past year, the stock has hit a 52-week low of $5.88 and 52-week high of $11.07. New York Times (NYT) stock has been showing support around $7.89 and resistance in the $8.27 range. Technical indicators for the stock are Bearish and S&P gives New York Times (NYT) a weak 2 STARS (out of 5) sell rating. For a hedged play on New York Times (NYT), look at the Jul '13 $8.00 covered call for a net debit in the $7.01 area. That is also the break-even stock price for this trade. This covered call has a duration of 227 days, provides 13.03% downside protection and an assigned return rate of 14.12% for an annualized return rate of 22.71% (for comparison purposes only). New York Times (NYT) has a current trailing average dividend yield of 0%.

(C) Copyright 2012, All rights reserved.


As of Saturday, 12-01-2012 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated a DOWNTREND on
02-21-2012 for NYT @ $7.13.

For more information on SmarTrend, contact your market data
provider or go to

SmarTrend is a registered trademark of Comtex News Network, Inc.
Copyright A? 2004-2012 Comtex News Network, Inc. All rights reserved.

Free Stock Analysis From Zacks

Includes Zacks Long-Term Recommendation and Target Price

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.