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Nasdaq Inc Falls 1.02% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Nasdaq Inc (NASDAQ:NDAQ) traded in a range yesterday that spanned from a low of $73.70 to a high of $75.37. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $75.05 on volume of 527,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Nasdaq Inc has traded in a range of $30.66 to $123.47 and is now at $74.49, 143% above that low. The 200-day and 50-day moving averages have moved 0.38% higher and 0.07% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Nasdaq Inc on June 7th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.00. Since that recommendation, shares of Nasdaq Inc have risen 9.2%. We continue to monitor NDAQ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders nasdaq inc

Ticker(s): NDAQ