Please ensure Javascript is enabled for purposes of website accessibility

The New York Times Company (NYT)

The New York Times Company (NYT, $9) rose 6.1% yesterday [August 8] on news of an asset sale. That triggered a buy signal and importantly enabled a break of two-year downtrend resistance. A base may be developing on the price chart, building for the past five years. If that’s the...

The New York Times Company (NYT, $9) rose 6.1% yesterday [August 8] on news of an asset sale. That triggered a buy signal and importantly enabled a break of two-year downtrend resistance. A base may be developing on the price chart, building for the past five years. If that’s the case, the upside potential is huge, up to $25. The P&F relative chart has improved this month and a base may also be building there. Speculative longs may be considered. Exit should the present triple-top breakout fail.”

Michael Burke and John Gray, Investors Intelligence, August 9, 2012

John Gray grew up with Point & Figure analysis. Learning from his father, Lee, who was A W Cohen’s business partner for more than 20 years, he has charted stocks and commodities for almost 45 years. After attending Bennington College and Aarhus University in Denmark, John began working full time at Chartcraft in 1979, apprenticing under AW Cohen to refine his technique from the originator of the Chartcraft method. Since AW Cohen’s death in the early 1980s, John has worked side by side with Michael Burke.