Dec 05, 2012 (Pivot alerts via COMTEX) -- Shares of The New York Times (NYSE:NYT) have bullishly opened above the pivot of $8.08 today and have reached the first resistance level of $8.16. Analysts will be watching for a cross of the next upside pivot targets of $8.27 and $8.46.
In the past 52 weeks, shares of The New York Times have traded between a low of $5.88 and a high of $11.07 and are now at $8.10, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.18% higher and 0.89% lower over the past week, respectively.
Potential upside of 18.5% exists for The New York Times, based on a current level of $8.10 and analysts' average consensus price target of $9.60. The New York Times shares should encounter resistance at the 50-day moving average (MA) of $9.20 and support at its 200-day MA of $7.79.
The New York Times Company, 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, The Boston Globe, and the International Herald Tribune.. New York Times also holds interests in a newsprint mill and a paper mill.
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Copyright, Comtex News Network, Inc. 2012
