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Watch for Shares of NYSE Euronext (NYX) to Approach Resistance at $35.15

Published on Tue, 02/05/2013 - 13:40
By Adrienne Chilton

Shares of NYSE Euronext (NYSE:NYX) opened today above their pivot of $34.75 and have already reached the first level of resistance at $35.01. Analysts will be watching for a cross of the next upside pivot targets of $35.15 and $35.55.

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.

NYSE Euronext (NYSE:NYX) is currently priced 2.1% above its average consensus analyst price target of $34.37. NYSE Euronext shares have support at the 50-day moving average (MA) of $29.05 and additional support at the 200-day MA of $26.07.

Over the past year, NYSE Euronext has traded in a range of $22.25 to $35.10 and is now at $35.10, 58% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 2.6%.

By Adrienne Chilton