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Possible Bearish Inside Day Candle Pattern Detected for Nasdaq Inc (NASDAQ:NDAQ)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Nasdaq Inc (NASDAQ:NDAQ) based on the price action in the company's shares. Yesterday's price range of $105.10 and $106.99 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Nasdaq Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Nasdaq, Inc. operates as a stock exchange. The Company provides trading, clearing, exchange technology, regulatory, securities listing, analysis, investing tools and guides, financial, and information services. Nasdaq offers its services worldwide.

Nasdaq Inc (NASDAQ:NDAQ) is currently priced 12.3% above its average consensus analyst price target of $90.62. Nasdaq Inc shares should encounter resistance at the 50-day moving average (MA) of $104.16 and support at its 200-day MA of $102.54.

Nasdaq Inc share prices have moved between a 52-week high of $120.23 and a 52-week low of $71.66 and closed yesterday at 44% above that low price at $103.29 per share. The 200-day and 50-day moving averages have moved 0.09% higher and 0.38% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Nasdaq Inc and will alert subscribers who have NDAQ in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish am inside day candle nasdaq inc

Ticker(s): NDAQ