Shares of NASDAQ OMX Rise Above Previous 52-Week High
NASDAQ OMX (NASDAQ:NDAQ) traded at a new 52-week high today of $28.62. This new high was reached on below average trading volume as 63,000 shares traded hands, while the average 30-day volume is approximately 1.3 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.
Potential upside of 1.4% exists for NASDAQ OMX, based on a current level of $28.47 and analysts' average consensus price target of $28.86. The stock should find initial support at its 50-day moving average (MA) of $25.42 and further support at its 200-day MA of $23.72.
Over the past year, NASDAQ OMX has traded in a range of $21.03 to $28.62 and is now at $28.47, 35% above that low. The 200-day and 50-day moving averages have moved 0.28% higher and 1.60% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of NASDAQ OMX on July 3rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.82. Since that recommendation, shares of NASDAQ OMX have risen 24.1%. 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