Will CME Group Inc (CME) Short Squeeze Soon? The Stock Formed a Bearish Ascending Triangle Chart Pattern

September 17, 2017 - By Linda Rogers

Investors sentiment decreased to 1.1 in Q4 2016. Its down 0.27, from 1.37 in 2016Q3. It dived, 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.
Raymond James & Assoc holds 794,956 shares. Trust Of Toledo Na Oh holds 8,744 shares. Partner Fund Mngmt Limited Partnership has 129,540 shares. Allianz Asset Mgmt Ag reported 806,061 shares. Meiji Yasuda Asset Mngmt invested in 9,736 shares. Creative Planning has 29,203 shares. Thrivent For Lutherans stated it has 11,840 shares or 0.01% of all its holdings. Ww Investors owns 32.41M shares or 0.94% of their US portfolio. Zacks Investment reported 1.16% in CME Group Inc (NASDAQ:CME). Nomura Hldg holds 0.01% or 48,750 shares. 1,404 are held by Assetmark Inc. Moreover, Coe Cap Limited Liability Company has 1.64% invested in CME Group Inc (NASDAQ:CME) for 11,057 shares. Lpl Financial Ltd Liability has 0.01% invested in CME Group Inc (NASDAQ:CME) for 15,503 shares. Alethea Mngmt Ltd Liability has invested 2.84% in CME Group Inc (NASDAQ:CME). Parallax Volatility Advisers Lp holds 0.01% in CME Group Inc (NASDAQ:CME) or 30,000 shares.

Since April 10, 2017, it had 0 buys, and 8 insider sales for $3.85 million activity. The insider Winkler Julie sold $539,148. 2,100 shares were sold by Sammann Derek, worth $248,298. 800 CME Group Inc (NASDAQ:CME) shares with value of $100,744 were sold by Bitsberger Timothy S.. The insider Pietrowicz John W. sold 2,500 shares worth $294,625. On Wednesday, June 7 the insider Holzrichter Julie sold $700,502. Another trade for 10,265 shares valued at $1.21 million was made by Cutinho Sunil on Wednesday, May 24.

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.

Wall Street await CME Group Inc (NASDAQ:CME) to release earnings on October, 26. Analysts forecast earnings per share of $1.18, up exactly $0.13 or 12.38 % from 2014’s $1.05 EPS. The expected CME’s profit could reach $401.12 million giving the stock 27.82 P/E in the case that $1.18 earnings per share is reported. After posting $1.23 EPS for the previous quarter, CME Group Inc’s analysts now forecast -4.07 % negative EPS growth.

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. As per Friday, October 28, the company rating was maintained by RBC Capital Markets. The company was maintained on Monday, July 17 by Jefferies. The stock has “Buy” rating by RBC Capital Markets on Tuesday, August 1. RBC Capital Markets maintained CME Group Inc (NASDAQ:CME) on Friday, March 31 with “Outperform” rating. JP Morgan maintained the stock with “Neutral” rating in Friday, September 4 report. The company was maintained on Friday, March 11 by JP Morgan. The rating was maintained by Wood on Friday, April 8 with “Market Perform”. Keefe Bruyette & Woods maintained CME Group Inc (NASDAQ:CME) rating on Thursday, August 17. Keefe Bruyette & Woods has “Hold” rating and $127.0 target. The stock of CME Group Inc (NASDAQ:CME) earned “Buy” rating by RBC Capital Markets on Monday, June 19. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, January 6.

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, Nasdaq.com published: “CME Group Inc. (CME) Ex-Dividend Date Scheduled for September 07, 2017” on September 06, 2017. More interesting news about CME Group Inc (NASDAQ:CME) were released by: Nasdaq.com and their article: “CME Group to Exit Credit Default Swap, Frees $650M Capital” published on September 15, 2017 as well as Finance.Yahoo.com‘s news article titled: “Why Should You Retain CME Group (CME) in Your Portfolio” with publication date: August 18, 2017.

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