NASDAQ OMX (NASDAQ:NDAQ) has opened bullishly above the pivot of $24.18 today and has reached the first level of resistance at $24.41. Should the shares continue to rise, the resistance pivots of $24.61 and $25.04 will be of interest.
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.
NASDAQ OMX (NASDAQ:NDAQ) has potential upside of 13.2% based on a current price of $24.60 and analysts' consensus price target of $27.86. The stock should find initial support at its 50-day moving average (MA) of $23.75 and further support at its 200-day MA of $23.66.
In the past 52 weeks, NASDAQ OMX share prices have been bracketed by a low of $21.03 and a high of $27.34 and are now at $24.60, 17% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.3%.