New York Times had its Relative Strength (RS) Rating upgraded from 68 to 71 Tuesday — a welcome improvement, but still short of the 80 or better score you look for.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating of above 80 as they begin their biggest price moves. See if New York Times can continue to rebound and hit that benchmark.
Can You Really Time The Stock Market?
New York Times broke out earlier, but has fallen back below the prior 57.08 entry from a flat base. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape. Also understand that the most recent pattern is a later-stage base, and those involve more risk.
New York Times saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 18% to 22%. Revenue rose from 6% to 7%.
New York Times holds the No. 2 rank among its peers in the Media-Newspapers industry group. Daily Journal is the top-ranked stock within the group.
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!
