CME Group Bearish Moving Average Crossover Alert (CME)
CME Group (NYSE:CME) shares have crossed bearishly below their 10-day moving average of $103.47 on a volume of 123K 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 $104.60 and are now at $103.18, 26% 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 recommended that subscribers consider buying shares of CME Group on July 6th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $98.01. Since that recommendation, shares of CME Group have risen 5.8%. We continue to monitor CME for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses CME Group