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CME Group Looks to Continue to Trade Above its Annual-High Share Price Today

By Nick Russo

CME Group (NYSE:CME) traded today at a new 52-week high of $108.75. This new high was reached on below average trading volume as 336,000 shares traded hands, while the average 30-day volume is approximately 2 million shares.

In the past 52 weeks, shares of CME Group have traded between a low of $81.87 and a high of $108.75 and are now at $107.06, which is 31% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

CME Group (NYSE:CME) is currently priced 5.2% above its average consensus analyst price target of $101.50. CME Group shares have support at the 50-day moving average (MA) of $93.75 and additional support at the 200-day MA of $93.08.

CME Group Inc. operates a derivatives exchange that trades futures contracts and options on futures, interest rates, stock indexes, foreign exchange and commodities. The Exchange brings together buyers and sellers of derivatives products on its trading floors, electronic trading platform, and through privately negotiated transactions that it clears.

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 8.0%. We continue to monitor CME for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows CME Group

Ticker(s): CME