On Thursday, New York Times got a positive adjustment to its Relative Strength (RS) Rating, from 70 to 76.
How To Invest In Stocks In Both Bull And Bear Markets
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating of over 80 as they launch their largest runs. See if New York Times can continue to show renewed price strength and clear that threshold.
New York Times is building a cup with handle with a 57.28 buy point. See if the stock can break out in heavy volume.
The company reported 32% earnings growth in its most recent report. Sales gains came in at 7%.
The company earns 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
