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Cme Group Inc Set to Possibly Rebound After Yesterday's Selloff of 1.32%

By Shiri Gupta

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.

In the past 52 weeks, shares of Cme Group Inc have traded between a low of $92.29 and a high of $171.71 and are now at $166.88, which is 81% 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 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.

Keywords: rebounders cme group inc

Ticker(s): CME