The New York Times Company : Bullish scenario should be confirmed today
Entry price | Target | Stop-loss | Potential |
---|
US$9.58 |
US$0 |
US$9.1 |
-100% |
---|
The New York Times Company operates media businesses. The company publishes daily newspapers and operates Internet websites. The newspapers and websites distribute news and entertainment.
The share at current price is not expensive, and could offer a good opportunity with earnings per share, which has been several times upgraded, during the last year. The company should record a growth of 6% concerning EPS for this year compared to 2011, according Bloomberg’s estimates.
The share is trading in bullish trend, supported by moving averages, especially that 20 day. In weekly data, the share has closed last week breaking out the important resistance of USD 9.5. If today the share will be trading above USD 9.5, should confirm the continuation of bullish trend with target price of USD 11.25. A stop loss will be placed below key level of USD 9.5
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