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NYSE Euronext Rises 1.22% on Heavy Volume: Watch For Potential Pullback

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Jan 03, 2013 (SmarTrend(R) News Watch via COMTEX) -- NYSE Euronext (NYSE:NYX) traded in a range yesterday that spanned from a low of $31.72 to a high of $32.28. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $32.08 on volume of 4.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $32.26, 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in NYSE Euronext. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of NYSE Euronext in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com

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Copyright, Comtex News Network, Inc. 2013

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