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Upgrade Alert for CBOE Holdings (CBOE)

By David Diaz

CBOE Holdings (NASDAQ:CBOE) was upgraded from Underperform to Neutral at Credit Suisse today. The stock closed yesterday at $66.91 on volume of 2.6 million shares, above average daily volume of 426,000.

Over the past year, CBOE Holdings has traded in a range of $55.04 to $72.53 and closed yesterday at $66.91, 22% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

CBOE Holdings (NASDAQ:CBOE) is currently priced 4.1% above its average consensus analyst price target of $64.18. CBOE Holdings shares have support at the 200-day moving average (MA) of $65.08 and additional support at the 50-day MA of $64.61.

CBOE Holdings Inc. operates a marketplace for the trading of standardized, listed options on equity securities. The Company is recognized for its role in the trading of options on individual equities, market indexes and exchange-traded funds, their suite of products, their markets and their hybrid trading model.

SmarTrend is tracking the current trend status for CBOE Holdings and will alert subscribers who have CBOE in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades cboe holdings

Ticker(s): CBOE