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Cme Group Inc Falls 1.32% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Cme Group Inc (NASDAQ:CME) traded in a range yesterday that spanned from a low of $166.56 to a high of $169.86. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $166.93 on volume of 774,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Cme Group Inc on January 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $152.24. Since that recommendation, shares of Cme Group Inc have risen 11.1%. We continue to monitor CME for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Cme Group Inc has traded in a range of $92.29 to $171.71 and is now at $166.88, 81% above that low. The 200-day and 50-day moving averages have moved 0.14% lower and 0.05% higher over the past week, respectively.

Keywords: rebounders cme group inc

Ticker(s): CME