NASDAQ OMX Crosses Below its 10-day MA (NDAQ)
Today, shares of NASDAQ OMX (NASDAQ:NDAQ) have crossed bearishly below their 10-day moving average of $71.05 on a volume of 149K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, NASDAQ OMX share prices have been bracketed by a low of $47.81 and a high of $71.92 and are now at $70.69, 48% above that low price. Over the last five market days, 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 OMX on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $65.67. Since that recommendation, shares of NASDAQ OMX have risen 8.9%. We continue to monitor NDAQ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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