New York Times had its Relative Strength (RS) Rating upgraded from 64 to 75 Thursday — a welcome improvement, but still below the 80 or better score you look for.
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This proprietary rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest climbs. See if New York Times can continue to rebound and clear that threshold.
New York Times is building a consolidation with a 58.16 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
The company showed 32% EPS growth in its most recent report, while sales growth came in at 7%.
New York Times holds the No. 1 rank among its peers in the Media-Newspapers industry group. News Corp Cl B and News Corp Cl A are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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