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CME Group Bearish Moving Average Crossover Alert (CME)

By Nick Russo

Today, shares of CME Group (NYSE:CME) have crossed bearishly below their 10-day moving average of $107.26 on a volume of 246K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, CME Group has traded in a range of $81.87 to $109.65 and is now at $106.87, 31% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-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 9.9%. 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

Ticker(s): CME