Technicalspeculator.com: Trade-of-the-Week: CME Group Inc. (CME)

By Tech_Spec
11-October-2018 4:55:57 AM
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Company Profile: CME Group Inc., through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals. The company executes trade through its electronic trading platforms, open outcry, and privately negotiated transactions, as well as provides hosting, connectivity, and customer support for electronic trading through its co-location services.  It also provides clearing and settlement services for exchange-traded contracts, as well as for cleared swaps; and regulatory reporting solutions for market participants through its repository services in the United States, the United Kingdom, Canada, and Australia. In addition, the company offers a range of market data services, including live quotes, delayed quotes, market reports, and historical data services, as well as index services. It serves professional traders, financial institutions, institutional and individual investors, corporations, manufacturers, producers, governments, and central banks.

Fundamentals:

Trailing P/E: 14.03, Forward P/E: 25.59

EPS: 12.95, PEG: 1.87, P/S: 15.63, P/B: 2.67

Profit margin: 111.45%, Operating Margin: 63.25%

Qrtly Earnings Growth: 36.10%, Current Ratio: 1.09

Additional Fundamental Data: https://finance.yahoo.com/quote/CME/key-statistics?p=CME

Technicals:

Just broke out of a rising 7-month consolidation

New 52-week high, New all-time high

Above a rising 50-week m/a, buying momentum (RSI) is positive and rising

Buying volume is neutral, 1st support level is $173

The safety stop is at $169.50

The target is $207.50

Suggested buying approach: A buy a full position now. If there is a pullback, wait for confirmation of support before deciding to whether to add to the position.  Always use a 3% trailing stop.

 

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Author: Tech_Spec

Canada’s only Master of Financial Technical Analysis (MFTA). This 4 – 5 year program offered by the International Federation of Technical Analysts (IFTA) in England is regarded as the global standard. • Instructor of Technical Analysis for the Canadian Securities Institute (CSI). My role is teaching market analysis to industry professionals. • Financial Technical Analyst offering 25 years experience in the financial and investment service industry. • Editor and owner of the Technicalspeculator.com, an on-line independent financial market research and newsletter website. • Registered Securities Advisor

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