Shares of The New York Times Receive a Boost, Up 2.7%

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Dec 07, 2012 (Market movers via COMTEX) -- One of today's stocks on the move is The New York Times (NYSE:NYT), up 2.7% to $8.35. The S&P is trading fractionally higher to 1,414 and the Dow is trading 0.3% higher to 13,108.

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.

There is potential upside of 15.0% for shares of The New York Times based on a current price of $8.35 and an average consensus analyst price target of $9.60. The stock should hit resistance at its 50-day moving average (MA) of $9.20, as well as support at its 200-day MA of $7.79.

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 $8.35, which is 42% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.9%.

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