Option Investor
New Plays
Click here to email James
Printer friendly version
New Plays
Long Plays
Short Plays

New Long Plays

NASDAQ Stock Market - NDAQ - cls: 43.89 chg: +0.65 stop: 42.45

Company Description:
NASDAQ is the largest U.S. equities exchange. With approximately 3,100 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. (source: company press release or website)

Why We Like It:
NDAQ has been recovering from its November sell-off and the trend has turned into a bullish one of higher lows. Currently the stock is pinned under resistance at $44.00 but a breakout over $44 would be the buy signal. We're suggesting a trigger to buy NDAQ at $44.15, which is just above the November 8th low of $44.10. If triggered our target is the $48.00-50.00 range. Our time frame is about eight weeks.

Picked on December xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/13/08 (unconfirmed)
Average Daily Volume: 3.1 million

New Short Plays

None today.

Premier Investor New Play Archives