Is CME Group Inc. (CME)’s Fuel Running High? The Stock Formed Wedge Up Pattern

December 7, 2017 - By Maria Brooks

Investors sentiment decreased to 1.13 in 2017 Q2. Its down 0.01, from 1.14 in 2017Q1. It dived, as 38 investors sold CME Group Inc. shares while 226 reduced holdings. 67 funds opened positions while 231 raised stakes. 268.92 million shares or 1.79% less from 273.81 million shares in 2017Q1 were reported.
The Pennsylvania-based Stevens Mngmt Lp has invested 0.14% in CME Group Inc. (NASDAQ:CME). First Merchants Corporation holds 0.07% or 1,984 shares. 163,566 were accumulated by Metropolitan Life Insurance. Braun Stacey Associate has invested 1.2% in CME Group Inc. (NASDAQ:CME). United Kingdom-based Guinness Asset Mgmt has invested 2.68% in CME Group Inc. (NASDAQ:CME). 234,173 are held by Public Employees Retirement Of Ohio. 209,129 were accumulated by Strs Ohio. Primecap Management Ca owns 0.22% invested in CME Group Inc. (NASDAQ:CME) for 2.02 million shares. Axa invested in 242,300 shares or 0.14% of the stock. Goldman Sachs Group stated it has 1.92M shares. Brevan Howard Cap Ltd Partnership reported 102,553 shares. Pittenger & Anderson Incorporated reported 56,755 shares. Gofen & Glossberg Limited Liability Co Il stated it has 6,699 shares. 7,039 were reported by Dowling & Yahnke Ltd Liability Co. Crow Point Ltd Liability Corporation owns 0.11% invested in CME Group Inc. (NASDAQ:CME) for 5,390 shares.

Since June 9, 2017, it had 0 insider purchases, and 2 insider sales for $639,892 activity. The insider Bitsberger Timothy S. sold $100,744. Winkler Julie had sold 4,315 shares worth $539,148.

The stock of CME Group Inc. (CME) formed an up wedge with $158.15 target or 4.00 % above today’s $152.07 share price. The 7 months wedge indicates low risk for the $51.75 billion company. If the $158.15 price target is reached, the company will be worth $2.07B more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.01% or $0.02 during the last trading session, reaching $152.07. About 1.11 million shares traded. CME Group Inc. (NASDAQ:CME) has risen 25.35% since December 8, 2016 and is uptrending. It has outperformed by 8.65% the S&P500.

Analysts await CME Group Inc. (NASDAQ:CME) to report earnings on February, 1. They expect $1.16 earnings per share, up 1.75 % or $0.02 from last year’s $1.14 per share. CME’s profit will be $394.74 million for 32.77 P/E if the $1.16 EPS becomes a reality. After $1.19 actual earnings per share reported by CME Group Inc. for the previous quarter, Wall Street now forecasts -2.52 % negative EPS growth.

CME Group Inc. (NASDAQ:CME) Ratings Coverage

Among 15 analysts covering CME Group (NASDAQ:CME), 8 have Buy rating, 1 Sell and 6 Hold. Therefore 53% are positive. CME Group had 49 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Monday, September 11. The stock of CME Group Inc. (NASDAQ:CME) has “Buy” rating given on Friday, July 29 by UBS. The firm earned “Buy” rating on Tuesday, August 1 by RBC Capital Markets. CLSA maintained CME Group Inc. (NASDAQ:CME) on Thursday, July 14 with “Underperform” rating. The stock of CME Group Inc. (NASDAQ:CME) has “Neutral” rating given on Friday, March 11 by JP Morgan. On Monday, June 19 the stock rating was maintained by RBC Capital Markets with “Buy”. JP Morgan upgraded CME Group Inc. (NASDAQ:CME) on Wednesday, January 13 to “Overweight” rating. UBS maintained the shares of CME in report on Wednesday, September 6 with “Buy” rating. The rating was maintained by Jefferies on Monday, June 5 with “Buy”. The stock of CME Group Inc. (NASDAQ:CME) has “Buy” rating given on Monday, July 10 by Jefferies.

More notable recent CME Group Inc. (NASDAQ:CME) news were published by: Bloomberg.com which released: “CME Plans to Manage Customer Exposure to Bitcoin Futures” on November 28, 2017, also Nasdaq.com with their article: “Here’s Why You Should Hold on to CME Group (CME) Stock Now” published on November 29, 2017, Nasdaq.com published: “CME Group Inc. (CME) Ex-Dividend Date Scheduled for December 07, 2017” on December 06, 2017. More interesting news about CME Group Inc. (NASDAQ:CME) were released by: Reuters.com and their article: “Cboe, CME to launch bitcoin futures contracts” published on December 07, 2017 as well as Prnewswire.com‘s news article titled: “CME Group Inc. Declares Annual Variable Dividend of $3.50 per Share” with publication date: December 06, 2017.

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