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NYSE Euronext (NYX) Approaches New Downside Target of $33.02

Published on Wed, 01/23/2013 - 13:38
By Mallory Stone

Shares of NYSE Euronext (NYSE:NYX) have bearishly opened below the pivot of $33.35 today and have reached the first support level of $33.24. Should the shares continue to fall, the support pivots of $33.02 and $32.69 will be of interest.

Over the past year, NYSE Euronext has traded in a range of $22.25 to $33.47 and is now at $33.15, 49% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

NYSE Euronext (NYSE:NYX) is currently priced 1.3% above its average consensus analyst price target of $32.72. The stock should discover initial support at its 50-day moving average (MA) of $27.02 and subsequent support at its 200-day MA of $25.78.

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 Mallory Stone