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

By Shiri Gupta

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.

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.

In the past 52 weeks, Nasdaq Inc share prices have been bracketed by a low of $30.66 and a high of $123.47 and are now at $74.49, 143% 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.

Keywords: rebounders nasdaq inc

Ticker(s): NDAQ