Stifel Nicolaus Made the Right Call, NYSE Euronext 1.9% Lower (NYX)

Published on Mon, 12/31/2012 - 10:07
By Robert Cotter in Analyst reflections, NYX, analyst reflections, nyse euronext, nyse:nyx

NYSE Euronext was downgraded from Buy to Hold by Stifel Nicolaus one week ago. NYSE Euronext shares are selling at $31.63, 1.9% below the $32.25 price point of one week ago.

In the past 52 weeks, NYSE Euronext share prices have been bracketed by a low of $22.25 and a high of $33.38 and are now at $31.65, 42% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 2.6%.

NYSE Euronext (NYSE:NYX) is currently priced 6.9% above its average consensus analyst price target of $29.47. NYSE Euronext shares have support at the 200-day moving average (MA) of $25.58 and additional support at the 50-day MA of $24.68.

NYSE Euronext operates an international stock exchange. The Company operates a marketplace for equities and derivatives in Belgium, France, the Netherlands and Portugal, derivatives in the United Kingdom, and equities and other securities in the United States.

By Robert Cotter
rcotter@fnno.com

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