Nasdaq (NDAQ) Rises on Upgrade From Goldman Sachs

Posted: Monday, November 23, 2009 1:45 PM EDT

Nasdaq Stock Market (NDAQ) was upgraded today by analysts at Goldman Sachs and the stock is now at $19.36, up $0.39 (2.06%) on volume of 2,596,662 shares traded. The analysts upped NDAQ to Buy from Neutral. Over the last 52 weeks the stock has ranged from a low of $14.96 to a high of $27.66. Nasdaq Stock Market stock has been showing support around $18.67 and resistance in the $19.43 range. Technical indicators for the stock are bullish and S&P gives NDAQ a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on NDAQ the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 16 range. [ABR-Seven Summits Strategic Investments NewsBite]

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