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Shares of NASDAQ OMX Has Risen Above Previous 52-Week High

By Amy Schwartz

NASDAQ OMX (NASDAQ:NDAQ) traded today at a new 52-week high of $68.75. This new high was reached on below average trading volume as 165,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.

The NASDAQ OMX Group, Inc. is a global exchange group that delivers trading, exchange technology, securities listing, and public company services across multiple continents. The Exchange's offerings include trading across multiple asset classes, market data products, financial indexes, capital formation solutions, financial services and market technology products and services.

Over the past year, NASDAQ OMX has traded in a range of $47.81 to $68.75 and is now at $68.72, 44% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.4%.

NASDAQ OMX (NASDAQ:NDAQ) is currently priced 11.6% above its average consensus analyst price target of $60.73. The stock should find initial support at its 50-day moving average (MA) of $64.51 and further support at its 200-day MA of $58.05.

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 4.2%. We continue to monitor NDAQ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows nasdaq omx

Ticker(s): NDAQ