NYX Due For a Profit Taking Stumble

Posted by Blain Reinkensmeyer on Monday November 13, 2006

After shares of the N Y S E Group (NYX) soared last week nearly 20%, I am putting the stock on a very close, short term, bear watch. After taking runs like this the profit takers are bound to step in and take some money off the table. Don’t be surprised if the stock traces back towards $90, and if not below this during the upcoming week. For those of you that are looking to still get in, nowis the time to be patient and wait for “good deals”. For all current NYX shareholders though, congrats on your profits, but protect that downside potential!

Hope everyone had a great weekend,

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