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Nasdaq Inc Bearish Moving Average Crossover Alert (NDAQ)

By Nick Russo

Nasdaq Inc (NASDAQ:NDAQ) shares have crossed bearishly below their 10-day moving average of $76.09 on a volume of 160K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Nasdaq Inc share prices have moved between a 52-week high of $123.47 and a 52-week low of $30.66 and are now trading 147% above that low price at $75.78 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Nasdaq Inc on June 7th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.00. Since that recommendation, shares of Nasdaq Inc have risen 11.8%. We continue to monitor NDAQ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nasdaq inc

Ticker(s): NDAQ