NYT trade ideas
Sell NYT ShortPuts @ $.40 for 23$ strike July 20 contract
Bearish harami gap down?
Sell to 24.30/25 fair value per ichi - .60 per share reward
then 23.90
Stoch first confirm of bearish trend
MACD looks to converge
Any takers?
Profit Trading
NYT- Get Out Now!!Peddling fake news does not, in fact, equate to a long-term successful business strategy, reporters for The New York Times are learning the hard way.
The Gray Lady, which many in the media class consider the pinnacle of the information business, is struggling so much financially that reporters are expected to be laid off from the publication, along with many editors, the New York Post reports.
“Reporters at the New York Times could soon be ‘vulnerable’ to the ax,” the Post’s Keith Kelly wrote. “If the ongoing round of voluntary buyouts being offered to editing staff does not get enough takers, the Gray Lady could begin another round, NYT Executive Editor Dean Baquet recently warned his top department editors.”
*Yes, this is your FUNDAMENTAL BIG NEWS to get out of this stock... invest your money somewhere else....
LongThese are my thoughts on NYT: So as we can see in the last year, the stock had been strong and move a lot. When i look at the charts, we can see that the stock had broke a super strong resistance in early february so this was good sign for a bullish move. Then, after the great run from eaernings, the stock start to correct. The volume was high in the beginning of the correction but in the last week, the stock did not move a lot and never broke the big support line so that shows how strong this support line is. The reason i like this stock is because the stock just bounced very nicely at this strong support and the candle was very strong and closed near it's high. We can also see a type of flag pattern that has been broking out friday.An other reason why i like this stock is because there was a lot of buyers friday and that shows interest into the stock. When we go from very low volume on a consolidation trend to a lot of volume on a big bullish candle, that tells you something has change about sentiments. I will then look to buy the stock at 14.75.
The New York Times NYT showing further signs of strengthBreaking critical USD14.55~ highs from 2015. Rising momentum and bullish Tension Indicator, (not shown), see further gains towards USD15.75 Fibonacci retracement in the coming months.
NYT speculative short term Long setup tgts 13.00 -13.05 sL 11.29NYT speculative short term Long setup tgts13.00 -13.05 sL 11.29
$NYT diamond bottom - could really see a nice move if it gets goTop watch. $NYT in a diamond bottom pattern on weekly.
Bullish divergences on both RSI and MACD.
Hanging man candle is noted, but just broke above 200 dma and is above all weekly ma's.
I think the movement will continue in the main trend.I think the movement will continue in the main trend.
