Could CME Group Inc. (CME) Gain Strenght After Forming Wedge Up Chart Pattern?

December 7, 2017 - By Michael Collier

Investors sentiment decreased to 1.13 in 2017 Q2. Its down 0.01, from 1.14 in 2017Q1. It turned negative, 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.
Ontario Teachers Pension Plan Board holds 0.13% or 82,822 shares in its portfolio. Kornitzer Cap Management Ks reported 0.59% of its portfolio in CME Group Inc. (NASDAQ:CME). Shelter Mutual Insur has invested 3.23% in CME Group Inc. (NASDAQ:CME). Citadel Advisors Llc invested 0.13% in CME Group Inc. (NASDAQ:CME). Investec Asset Management North America invested 2% of its portfolio in CME Group Inc. (NASDAQ:CME). Brown Advisory Inc has invested 0.01% in CME Group Inc. (NASDAQ:CME). Union Retail Bank Corporation has invested 0.07% in CME Group Inc. (NASDAQ:CME). Norinchukin Natl Bank The stated it has 0.05% of its portfolio in CME Group Inc. (NASDAQ:CME). Quantitative Systematic Strategies Ltd Liability Com has invested 0.34% in CME Group Inc. (NASDAQ:CME). M&T Bancorp owns 107,485 shares or 0.08% of their US portfolio. Exchange Capital Mgmt holds 0.36% in CME Group Inc. (NASDAQ:CME) or 8,484 shares. Keybank Association Oh holds 0.23% in CME Group Inc. (NASDAQ:CME) or 310,720 shares. Cibc Ww accumulated 0.13% or 98,021 shares. Legal & General Public Ltd Com reported 1.64M shares. Williams Jones & Assoc Limited Liability Company reported 3,401 shares.

Since June 9, 2017, it had 0 buys, and 2 selling transactions for $639,892 activity. The insider Bitsberger Timothy S. sold $100,744. Another trade for 4,125 shares valued at $505,081 was sold by Kometer Kevin.

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 $394.74M 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. As per Thursday, July 14, the company rating was maintained by CLSA. The firm earned “Overweight” rating on Wednesday, January 13 by JP Morgan. The rating was maintained by RBC Capital Markets with “Buy” on Monday, September 11. RBC Capital Markets maintained CME Group Inc. (NASDAQ:CME) on Monday, June 19 with “Buy” rating. As per Tuesday, August 1, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Friday, October 28 with “Underperform”. The stock of CME Group Inc. (NASDAQ:CME) earned “Equal Weight” rating by Barclays Capital on Tuesday, August 11. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, June 1. The rating was maintained by Deutsche Bank on Tuesday, January 26 with “Buy”. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, October 10.

More notable recent CME Group Inc. (NASDAQ:CME) news were published by: Nasdaq.com which released: “CME Group Inc. (Nasdaq: CME) to Ring The Nasdaq Stock Market Opening Bell in …” on December 05, 2017, also Reuters.com with their article: “Cboe, CME to launch bitcoin futures contracts” published on December 07, 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: Nasdaq.com and their article: “Here’s Why You Should Hold on to CME Group (CME) Stock Now” published on November 29, 2017 as well as Reuters.com‘s news article titled: “CME Group to launch bitcoin futures contract on Dec. 18” with publication date: December 01, 2017.

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