NYSE Euronext Close to the 50 Day

Published on Monday, 23 January 2012 18:52 Written by Danny Miller

New York, January 23rd (TradersHuddle.com) - Shares of NYSE Euronext (NYSE:NYX) closed the trading day at $27.43 close to its 50 day moving average currently set at $26.92. NYSE Euronext's price action is just above this important support level translating into a trading opportunity.

NYSE Euronext (NYSE:NYX) operates an international stock exchange. The Company operates a marketplace for equities and derivatives in Belgium, France, the Netherlands and Portugal, derivatives in the United Kingdom, and equities and other securities in the United States.

Looking at peaks and troughs horizontal support and resistance levels, we can see current calculated support at $26.24 and calculated resistance at $28.23. These levels should also be evaluated by traders when planning their trades, as they provide an insight into the latest price action.

Traders wanting to establish a position on NYSE Euronext will be looking at the price action for evidence of buying near the 50 day moving average, and opening a position as close as possible to this important level. Also traders will be looking at the latest price action, via the stocks current range previously defined for insights of other key levels that might affect their upside or downside.