Trump claims NYT damaged his business and reputation, initiates $15 billion lawsuit
Trump's Defamation Lawsuit: Donald Trump has filed a $15 billion defamation lawsuit against The New York Times and Penguin Random House, claiming that their critical coverage, including the book "Lucky Loser," was intended to harm his reputation and business during the 2024 presidential race.
NYT's Response: The New York Times has dismissed the lawsuit as meritless, asserting that it is an attempt to suppress independent journalism and reaffirming its commitment to reporting the facts without fear or favor.
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Technical Analysis for PEN
Technical Sentiment Analysis for Penguin (PEN) As of , Penguin (PEN) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, PEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Penguin (PEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000801 | 0.000115 | 0.000141 | 0.000176 | 0.000202 | 0.000237 | 0.000263 |
| Fibonacci | 0.000115 | 0.000138 | 0.000153 | 0.000176 | 0.000199 | 0.000214 | 0.000237 |
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