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Look for Shares of Nasdaq Inc to Potentially Rebound after Yesterday's 1.33% Sell Off

By Shiri Gupta

Nasdaq Inc (NASDAQ:NDAQ) traded in a range yesterday that spanned from a low of $89.48 to a high of $90.75. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $90.66 on volume of 285,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Nasdaq Inc share prices have been bracketed by a low of $71.65 and a high of $96.84 and are now at $89.60, 25% 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.

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

Keywords: rebounders nasdaq inc

Ticker(s): NDAQ