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Apr 16, 2021 (Stock Traders Daily via COMTEX) —
Investors often shrug off the impact of stimulus, but when fabricated demand comes into the stock market everything is affected, even New York Times (NYSE: NYT) and other stocks that might not be direct beneficiaries. They say, a rising tide lifts all boats, and multiple expansion is a natural byproduct, but it works in both ways. For NYT we can see the impact demand changes have on price by looking at the trading plans and pivot points below. This changes over time, so we suggest updating the data for the most actionable results, but this static example also demonstrates how this is done. For an update, please request Unlimited Real Time Reports.

Technical Summary

Bias

Neutral

Neutral

Strong

P1

0

0

47.16

P2

48.52

46.99

52.17

P3

49.39

48.67

57.01

Long Term Trading Plans for NYT

April 16, 2021, 1:45 am ET

The Technical Summary and Trading Plans for NYT help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this NYT Report.

NYT – (Long) Support Plan

The technical summary data tells us to buy NYT near 47.16 with an upside target of 52.17. This data also tells us to set a stop loss @ 47.02 to protect against excessive loss in case the stock begins to move against the trade. 47.16 is the first level of support below 49.18 , and by rule, any test of support is a buy signal. In this case, support 47.16 would be being tested, so a buy signal would exist.

NYT – (Short) Resistance Plan

The technical summary data is suggesting a short of NYT as it gets near 52.17 with a downside target of 47.16. We should have a stop loss in place at 52.32though. 52.17 is the first level of resistance above 49.18, and by rule, any test of resistance is a short signal. In this case, if resistance 52.17 is being tested, so a short signal would exist.

COMTEX_384534071/2570/2021-04-16T01:53:38

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The MarketWatch News Department was not involved in the creation of this content.