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Shares of NASDAQ OMX Rise Above Previous 52-Week High

By Shiri Gupta

NASDAQ OMX (NASDAQ:NDAQ) traded at a new 52-week high today of $54.12. Approximately 128,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.

In the past 52 weeks, NASDAQ OMX share prices have been bracketed by a low of $38.43 and a high of $54.12 and are now at $54.06, 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.5%.

There is potential upside of 3.6% for shares of NASDAQ OMX based on a current price of $54.06 and an average consensus analyst price target of $56.00. The stock should discover initial support at its 50-day moving average (MA) of $50.86 and subsequent support at its 200-day MA of $48.90.

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 recommended that subscribers consider buying shares of NASDAQ OMX on July 13th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.93. Since that recommendation, shares of NASDAQ OMX have risen 5.3%. 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