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

By Nick Russo

Shares of NASDAQ OMX (NASDAQ:NDAQ) traded today at $71.65, breaking its 52-week high. This new high was reached on below average trading volume as 109,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.

In the past 52 weeks, NASDAQ OMX share prices have been bracketed by a low of $47.81 and a high of $71.65 and are now at $70.93, 48% above that low price. The 200-day and 50-day moving averages have moved 0.38% higher and 0.07% lower over the past week, respectively.

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.

Based on a current price of $70.93, NASDAQ OMX is currently 14.4% 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 8.4%. 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