Is CME Group Inc (CME) a Sell? The Stock Formed Ascending Triangle Chart Pattern

September 17, 2017 - By Stephen Andrade

Investors sentiment decreased to 1.1 in 2016 Q4. Its down 0.27, from 1.37 in 2016Q3. It fall, 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.
Moreover, Manchester Cap Mgmt Ltd Company has 0.03% invested in CME Group Inc (NASDAQ:CME) for 1,710 shares. Envestnet Asset Mngmt owns 0.01% invested in CME Group Inc (NASDAQ:CME) for 15,483 shares. New York State Teachers Retirement Systems holds 0.17% or 558,417 shares. Primecap Mngmt Com Ca has invested 0.22% in CME Group Inc (NASDAQ:CME). Keybank Association Oh reported 324,209 shares stake. Boltwood Management reported 6,500 shares. Bp Public Limited owns 132,000 shares for 0.57% of their portfolio. Aviva Public Limited has 0.14% invested in CME Group Inc (NASDAQ:CME) for 209,099 shares. Driehaus Cap Management Limited Liability Corporation holds 0.01% of its portfolio in CME Group Inc (NASDAQ:CME) for 3,484 shares. Pictet Asset Mgmt Ltd reported 0.08% of its portfolio in CME Group Inc (NASDAQ:CME). Dnb Asset Mgmt As holds 0% of its portfolio in CME Group Inc (NASDAQ:CME) for 29,715 shares. Friess Lc reported 140,330 shares stake. 4,850 were reported by Cullen Frost Bankers. Lmr Prtn Llp has 0.19% invested in CME Group Inc (NASDAQ:CME). Strs Ohio owns 223,861 shares or 0.11% of their US portfolio.

Since April 10, 2017, it had 0 buys, and 8 insider sales for $3.85 million activity. Another trade for 4,315 shares valued at $539,148 was made by Winkler Julie on Monday, June 12. Bitsberger Timothy S. sold 800 shares worth $100,744. $248,298 worth of CME Group Inc (NASDAQ:CME) was sold by Sammann Derek. Kometer Kevin also sold $505,081 worth of CME Group Inc (NASDAQ:CME) shares. On Wednesday, May 24 Cutinho Sunil sold $1.21M worth of CME Group Inc (NASDAQ:CME) or 10,265 shares. On Monday, April 10 Pietrowicz John W. sold $294,625 worth of CME Group Inc (NASDAQ:CME) or 2,500 shares.

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 1.67M 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.

Analysts await CME Group Inc (NASDAQ:CME) to report earnings on October, 26. They expect $1.18 EPS, up 12.38 % or $0.13 from last year’s $1.05 per share. CME’s profit will be $401.12M for 27.82 P/E if the $1.18 EPS becomes a reality. After $1.23 actual EPS reported by CME Group Inc for the previous quarter, Wall Street now forecasts -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. On Wednesday, January 6 the stock rating was maintained by Credit Suisse with “Neutral”. Jefferies maintained CME Group Inc (NASDAQ:CME) rating on Monday, July 10. Jefferies has “Buy” rating and $12800 target. Barclays Capital maintained CME Group Inc (NASDAQ:CME) on Tuesday, August 11 with “Equal Weight” rating. The rating was maintained by Wood with “Market Perform” on Friday, April 8. The rating was initiated by Sterne Agee CRT with “Neutral” on Friday, May 20. UBS maintained it with “Buy” rating and $33 target in Wednesday, September 6 report. The rating was maintained by Barclays Capital on Friday, July 29 with “Equal-Weight”. JP Morgan maintained CME Group Inc (NASDAQ:CME) on Friday, September 4 with “Neutral” rating. The firm earned “Hold” rating on Thursday, August 17 by Keefe Bruyette & Woods. Jefferies maintained it with “Buy” rating and $118 target in Wednesday, August 31 report.

More notable recent CME Group Inc (NASDAQ:CME) news were published by: Nasdaq.com which released: “CME Group to Exit Credit Default Swap, Frees $650M Capital” on September 15, 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: 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 Reuters.com‘s news article titled: “CME Group to exit OTC credit default swap clearing business” with publication date: September 14, 2017.

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