NYT Stock Trades Above 200 & 50-Day SMA: How Should Investors Play?

Closed at $54.52 yesterday, shares of The New York Times Company (NYT) are trading above 200-day and 50-day simple moving averages (SMA) of$48.80 and $54.22, respectively, signaling strong upward momentum and price stability. Now investors must decide how to approach this stock, should they invest more or hold their current position? Let us analyze the situation. Image Source: Zacks Investment Research The NYT stock has risen 25.3% in the past six months, outpacing the industry’s and the S&P 500's growth o ...