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Shares of NASDAQ OMX Rise Above Previous 52-Week High

By James Quinn

Shares of NASDAQ OMX (NASDAQ:NDAQ) traded at a new 52-week high today of $71.45. This new high was reached on below average trading volume as 139,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.

In the past 52 weeks, shares of NASDAQ OMX have traded between a low of $47.81 and a high of $71.45 and are now at $71.15, which is 49% above that low price. Over the past week, 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 ($71.15) 14.6% 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 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 7.9%. 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