NEW BULLISH Plays
NYSE Euronext - NYX - close: 29.33 change: +0.52 stop: 28.49
Why We Like It:
After a four day consolidation shares of NYX look ready to rally from support near $28.50 and a cloud of moving averages. I'm suggesting readers buy the bounce today. This is going to be a short-term trade. NYX is due to report earnings on Friday, October 30th before the market opens. We'll plan to exit on Thursday the day before at the closing bell if NYX hasn't hit our target first. Our exit target is $31.95.
The stock is facing resistance making this a more aggressive trade. I am suggesting small positions (1/2 to 1/4 your normal size).
Entry on October 22 at $29.33
Change since picked: + 0.00
Earnings Date 10/30/09 (confirmed)
Average Daily Volume: 2.8 million
Listed on October 22, 2009