NASDAQ's most recent trend suggests a bearish bias. One trading opportunity on NASDAQ is a Bear Call Spread using a strike $36.00 short call and a strike $41.00 long call offers a potential 5.26% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $36.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $41.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for NASDAQ is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for NASDAQ is bearish.
The RSI indicator is at 23.18 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for NASDAQ
[$$] Nasdaq Is Bullish on Times Square Backdrop
Tue, 15 Apr 2014 19:23:34 GMT
Eight ‘anchor' investors to back Euronext listing -sources
Tue, 15 Apr 2014 17:16:18 GMT
Reuters – * Group includes BNP, SocGen, Caisse des Depots, ING, ABN Amro, Banco Espirito Santo * Euroclear expected to join consortium – source (Adds comments by Euroclear, Belfius, analyst, no comment from ING) LONDON, April 15 (Reuters) – A consortium of eight ‘anchor' investors have committed to buying a 25-30 percent stake in stock exchange operator Euronext ahead of a potential 1.5 billion-euro ($3.5 billion) listing by current owner IntercontinentalExchange (ICE), which is expected in June, three sources familiar with the matter said on Tuesday.
Prepare for deeper selloff if this happens: Cashin
Tue, 15 Apr 2014 16:52:53 GMT
Stockbrokers Who Fail Exams Have Checkered Records
Tue, 15 Apr 2014 15:06:50 GMT
Emmis Communications Corporation [EMMS] to Ring The NASDAQ Stock Market Closing Bell
Tue, 15 Apr 2014 14:00:00 GMT
GlobeNewswire – ADVISORY —
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