Nasdaq OMX Group ( NDAQ) is a global exchange group that delivers trading, clearing, exchange technology, regulatory, securities listing, and public company services across six continents. This stock is trading up 1.46% at $22.31 in recent trading. Today's Volume: 3.4 million Average Volume: 2.2 million Volume % Change: 179% From a technical perspective, NDAQ is bouncing off of oversold territory here with heavy volume. This stock's current relative strength index reading is 29.85, which indicates an oversold condition. Oversold can always get more oversold, but traders can now monitor NDAQ for a rebound trade if it continues to get strong upside volume flows. Traders should look for long-biased trades if NDAQ can sustain a move or close above $23 with volume that's near or above 2.2 million shares. If we get that move, then NDAQ could bounce back towards its 200-day moving average of $24.80 or higher in the near future. On the flipside, I would look for short-biased trades if it fails to take out $23 or drops below today's low of $21.58 with strong volume. Nasdaq OMX Group was included on a list of 10 Top Morningstar M&A Stock Picks for 2012.