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Shares of NASDAQ OMX Rise Above Previous 52-Week High

By James Quinn

NASDAQ OMX (NASDAQ:NDAQ) traded at a new 52-week high today of $44.74. So far today approximately 162,000 shares have been exchanged, as compared to an average 30-day volume of 946,000 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.

NASDAQ OMX share prices have moved between a 52-week high of $44.74 and a 52-week low of $33.49 and are now trading 33% above that low price at $44.68 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

There is potential upside of 2.3% for shares of NASDAQ OMX based on a current price of $44.68 and an average consensus analyst price target of $45.71. NASDAQ OMX shares have support at the 50-day moving average (MA) of $42.55 and additional support at the 200-day MA of $39.88.

SmarTrend recommended that subscribers consider buying shares of NASDAQ OMX on October 29th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.15. Since that recommendation, shares of NASDAQ OMX have risen 5.9%. 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