CME Group Inc (CME) Draws Bearish Attention After Forming Ascending Triangle Chart Pattern

September 17, 2017 - By Darrin Black

Investors sentiment decreased to 1.1 in Q4 2016. Its down 0.27, from 1.37 in 2016Q3. It dropped, as 39 investors sold CME Group Inc shares while 231 reduced holdings. 81 funds opened positions while 215 raised stakes. 273.92 million shares or 3.61% more from 264.37 million shares in 2016Q3 were reported.
Putnam Invests Limited Liability Com reported 0% in CME Group Inc (NASDAQ:CME). Axa has 131,300 shares for 0.07% of their portfolio. Nordea Mgmt Ab holds 58,154 shares or 0.02% of its portfolio. Ngam Advsrs L P has 0.14% invested in CME Group Inc (NASDAQ:CME). The New York-based Guardian Life Insur Company Of America has invested 0.02% in CME Group Inc (NASDAQ:CME). Stifel has 0.02% invested in CME Group Inc (NASDAQ:CME). Daiwa Sb Investments Limited invested in 0% or 80 shares. Lockheed Martin Invest Mgmt reported 12,000 shares stake. Credit Suisse Ag, a Switzerland-based fund reported 671,705 shares. First Allied Advisory Services Inc reported 2,697 shares. Ameriprise Fincl owns 3.91M shares. Lmr Prtn Llp accumulated 10,535 shares. Parallax Volatility Advisers L P owns 30,000 shares. Prudential Inc has 470,999 shares. Sun Life Financial Incorporated has 338 shares for 0% of their portfolio.

Since April 10, 2017, it had 0 insider buys, and 8 insider sales for $3.85 million activity. $294,625 worth of CME Group Inc (NASDAQ:CME) was sold by Pietrowicz John W. on Monday, April 10. Sammann Derek sold $247,505 worth of stock or 2,100 shares. $505,081 worth of CME Group Inc (NASDAQ:CME) shares were sold by Kometer Kevin. Holzrichter Julie had sold 5,925 shares worth $700,502. Cutinho Sunil also sold $1.21M worth of CME Group Inc (NASDAQ:CME) on Wednesday, May 24. The insider Bitsberger Timothy S. sold 800 shares worth $100,744. The insider Winkler Julie sold 4,315 shares worth $539,148.

The stock of CME Group Inc (CME) formed an ascending triangle with $127.38 target or 3.00 % below today’s $131.32 share price. The 5 months triangle pattern indicates high risk for the $44.64B company. If the $127.38 price target is reached, the company will be worth $1.34B less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock decreased 0.61% or $0.8 on September 15, reaching $131.32. About 1.67 million shares traded or 49.11% up from the average. CME Group Inc (NASDAQ:CME) has risen 25.35% since September 17, 2016 and is uptrending. It has outperformed by 8.65% the S&P500.

Investors wait CME Group Inc (NASDAQ:CME) to report on October, 26. its quarterly earnings Wall Street analysts expect $1.18 EPS, up $0.13 or 12.38 % from last year’s $1.05 same quarter earnings. This translates into $401.12M profit for CME giving the stock a 27.82 P/E. This is assuming the current $1.18 EPS is accurate. CME Group Inc’s Wall Street analysts see -4.07 % negative EPS growth, taking into account the $1.23 EPS reproted in the previous quarter,

CME Group Inc (NASDAQ:CME) Ratings Coverage

Among 14 analysts covering CME Group (NASDAQ:CME), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. CME Group had 42 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, July 17 by Jefferies. Jefferies maintained the stock with “Buy” rating in Tuesday, August 22 report. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, August 1 report. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, August 17 report. RBC Capital Markets maintained CME Group Inc (NASDAQ:CME) on Monday, February 8 with “Underperform” rating. The firm has “Neutral” rating by Credit Suisse given on Wednesday, January 6. The stock of CME Group Inc (NASDAQ:CME) earned “Overweight” rating by JP Morgan on Wednesday, January 13. The firm earned “Buy” rating on Wednesday, October 5 by Deutsche Bank. The firm earned “Buy” rating on Monday, June 5 by Jefferies. Sterne Agee CRT initiated the stock with “Neutral” rating in Friday, May 20 report.

More notable recent CME Group Inc (NASDAQ:CME) news were published by: Nasdaq.com which released: “CME Group Makes Clean Sweep With Solid Average Daily Volume” on September 07, 2017, also Seekingalpha.com with their article: “CME Group (CME) Presents at Barclays Financial Services Conference (Transcript)” published on September 12, 2017, Reuters.com published: “CME Group to exit OTC credit default swap clearing business” on September 14, 2017. More interesting news about CME Group Inc (NASDAQ:CME) were released by: Zacks.com and their article: “Why Is CME Group (CME) Up 1.6% Since the Last Earnings Report?” published on September 01, 2017 as well as Nasdaq.com‘s news article titled: “CME Group to Exit Credit Default Swap, Frees $650M Capital” with publication date: September 15, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.