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Bearish Moving Average Cross by CME Group (CME)

By James Quinn

Today, shares of CME Group (NYSE:CME) have crossed bearishly below their 10-day moving average of $117.06 on a volume of 185K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, CME Group share prices have been bracketed by a low of $81.87 and a high of $127.60 and are now at $116.76, 43% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for CME Group and will alert subscribers who have CME in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses CME Group

Ticker(s): CME