NYSE Group on the Rise

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Editor’s Note: While Sam Collins is on vacation, we’ve asked Nick Atkeson and Andrew Houghton, editors of Big Money Options, to provide you with a trade of interest until Sam returns June 1.

NYSE Group, Inc. (NYX) — NYSE Group, Inc. is the New York Stock Exchange and is the world’s largest and most liquid cash equities exchange.

Technically, the NYX is breaking out having gone above resistance at $23 and most recently, having broken above its 200-day moving average. It appears the NYX is playing catch-up with the CME (CME Group behind the Chicago Mercantile Exchange) and the ICE (IntercontinentalExchange Inc., which is an electronic exchange for regulated global futures).


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Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.


Article printed from InvestorPlace Media, https://investorplace.com/2009/05/5-26-09-nyx/.

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