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Downgrade Alert for NASDAQ OMX (NDAQ)

By James Quinn

NASDAQ OMX (NASDAQ:NDAQ) was downgraded from Buy to Hold at Evercore ISI today. The stock closed yesterday at $64.59 on volume of 800,000 shares, below average daily volume of 1.1 million.

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.

Over the past year, NASDAQ OMX has traded in a range of $47.81 to $67.61 and closed yesterday at $64.59, 35% 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.

Based on a current price of $64.59, NASDAQ OMX is currently 6.0% above its average consensus analyst price target of $60.73. NASDAQ OMX shares have support at the 50-day moving average (MA) of $64.51 and additional support at the 200-day MA of $58.05.

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

Keywords: analyst upgrades/downgrades nasdaq omx

Ticker(s): NDAQ