NDAQ Chart – Friday Morning
I charted NASDAQ OMX Group Inc (NDAQ) again this morning while it was trading at $20.07. This is a follow-up to my NDAQ chart on July 8th. As I predicted that was the time to get in. My naked puts are set to expire today for a profit. From here I have to wonder if the 20 day and 100 day moving averages will continue acting as resistance. I might not roll my puts if it looks like NDAQ will fall below $20 by close.
Along with the moving averages, the trend line of lower highs is just above the current price. Williams %R is starting to level out and is more neutral. Waiting for NDAQ to head back closer to $19 might be a safer move right now. I cannot call NDAQ a buy quite yet with the look of this chart.
I'll take requests for stocks and ETFs to chart too. You can reach me at alex [AT] chart-analysis.com. DISCLAIMER: Charts found on these pages are my opinions and I take no responsibility for any losses you may incur if you agree with my charts. Although I am a Registered Investment Advisor Representative, the content contained on this site is not personal advise. Consult your own financial advisor or do your own research before trading or investing in any of these securities.