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Shares of NASDAQ OMX Rise Above Previous 52-Week High

By Amy Schwartz

NASDAQ OMX (NASDAQ:NDAQ) traded at a new 52-week high today of $68.66. So far today approximately 77,000 shares have been exchanged, as compared to an average 30-day volume of 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 $68.66 and are now at $67.70, 42% 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.

NASDAQ OMX (NASDAQ:NDAQ) defies analysts with a current price ($67.70) 10.3% above its average consensus price target of $60.73. The stock should discover initial support at its 50-day moving average (MA) of $64.51 and subsequent support at its 200-day MA of $58.05.

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.

SmarTrend is monitoring the recent change of momentum in NASDAQ OMX. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of NASDAQ OMX in search of a potential trend change.

Keywords: 52 week high/lows nasdaq omx

Ticker(s): NDAQ