NYX Earnings Could Impress
Posted on Wed 31st Jan, 2007 07:37:09 PM
I think NYSE Group (NYX) has a very good shot at impressing the street with earnings. The stock struggled in late December but held up thanks to its 50 DMA, or daily moving average. Now the stock sits once again at its 50 DMA, and with earnings due out Friday morning, fireworks could be around the corner. Technically the true breakout isn’t until the stock can push past $110, which is about 10% away from today’s close. With strong earnings, anything is possible. For the speculator I would say you have pretty good odds on your money with NYX. If you decide to take a position tomorrow before the earnings release, just make sure you are up Friday morning to sell your shares if the stock ceases to impress.
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