NYSE Group Raises Bear Flag
Posted by Blain Reinkensmeyer
December 22, 2006 at 3:05 pm
Yesterday’s close for NYSE Group (NYX) was significant as it was just under $100 and also a distribution day. And today, NYX is continuing to show downward momentum as it has fallen another 2% trading around $97.50 currently. The market’s bearishness has weighed on this stock and many others, but it is important to lay out these lines and to keep an eye on NYX. Next support is at $95.
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