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NYSE Euronext (
NYX) is a global operator of financial markets and provider of trading solutions. This stock closed up 1.8% at $41.66 on Wednesday.
Wednesday's Volume: 3.91 million
Average Volume: 1.65 million
Volume % Change: 128%
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From a technical perspective, NYX trended higher here right above its 50-day moving average of $39.77 with heavy upside volume. This stock has been uptrending strong for the last three months, with shares moving higher from its low of $36.27 to its recent high of $42.42. During that move, shares of NYX have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of NYX within range of triggering a near-term breakout trade. That trade will hit if NYX manages to take out its 52-week high at $42.42 with high volume.
Traders should now look for long-biased trades in NYX as long as it's trending above its 50-day at $39.77 and then once it sustains a move or close above its 52-week high of $42.42 with volume that this near or above 1.65 million shares. If that breakout triggers soon, then NYX will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $45 to $50.