New York Times ( NYT) is a global, multimedia news and information company that includes newspapers, digital businesses, investments in paper mills and other investments. This stock is trading up 11.3% at $7.85 in recent trading. Today's Range: $7.20-$7.97 52-Week Range: $5.50-$8.92 Volume: 1 million Three-Month Average Volume: 1.1 million Shares of NYT are soaring today after the company reported better-than-expected second quarter results. The company reported an adjusted profit of 14 cents per share on revenue of $515.2 million, versus Wall Street estimates of 13 cents on $511 million in revenue. >>5 Stocks With Huge Insider Buying From a technical perspective, NYT is making a powerful bounce right off its 50-day at $6.98 and its 200-day at $7.06 with solid volume. This move is quickly pushing NYT within range of triggering a major breakout trade. That trade will hit once NYT takes out some overhead resistance levels at $8 to $8.46 with high volume. Traders should now look for long-biased trades in NYT as long as it's trending above some near-term resistance at $7.70, and then once it clears both of those moving averages with high volume. Look for volume off that move that hits near or above its three-month average volume of 1.1 million shares. If we get that action, then look for NYT to challenge its next major overhead resistance levels at $9.73 to $10.00, or possibly even $11.00.
Cleantech Solutions (CLNT) soared Monday after the metal components manufacturer reported its fourth-quarter results. Revenue increased 29.4% year over year to $22.8 million from $17.6 million mostly due to sales of the company's dyeing and finishing equipment thanks to the demand for Cleantech's low-emission airflow dyeing machines. Net income increased to $2.1 million, or 60 cents per basic and diluted share, from $0.5 million, or 17 cents per basic and diluted share, in the same period one year earlier. Operating expenses decreased 10.7% year over year to $3.1 million from $3.5 million, while operating income increased to $2.8 million from $0.7 million. Operating margin was 12.2% compared to 4.1% in the same period one year earlier. Adjusted EBIDTA rose year over year to $7.3 million from $4.8 million.