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Shares of NASDAQ OMX Have Risen Above Previous 52-Week High

Published on Tue, 03/05/2013 - 15:28
By Peter Chu

NASDAQ OMX (NASDAQ:NDAQ) traded at a new 52-week high today of $32.83. Approximately 1.4 million shares have changed hands today, as compared to an average 30-day volume of 1.7 million shares.

NASDAQ OMX (NASDAQ:NDAQ) defies analysts with a current price ($32.46) 6.5% above its average consensus price target of $30.34. The stock should find initial support at its 50-day moving average (MA) of $28.23 and further support at its 200-day MA of $24.38.

Over the past year, NASDAQ OMX has traded in a range of $21.03 to $32.83 and is now at $32.46, 54% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.5%.

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.

By Peter Chu
pchu@fnno.com