Nasdaq composite daily Us stock market index indicates that it has closed above its major resistance zone (trend line and 50 DMA) as long as index holds above its resistance zone bulls will be favored and further price rise is expecting in coming days.
Nasdaq has also formed doji candle pattern on its last trading day i.e 04th March 2016, this usually indicates change in trend with sharp movement. Close watch.
Nasdaq Composite Update - 17- 03 -16
Market Close Report: NASDAQ Composite index closes at 4,774.99 up 11.02 points.
Thursday's session closes with the NASDAQ Composite Index at 4,774.99. The total shares traded for the NASDAQ was over 1.85 billion.
Advancers stocks led declining by 2.17 to 1 ratio. There were 1954 advancers and 901 decliners for the day. On the NASDAQ Stock Exchange 42 stocks reached a 52 week high and 30 reaching lows.
The NASDAQ 100 index closed down -.09% for the day; a total of -3.94 points. The current value is 4,400.26.
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