Could CME Group Inc (CME) Decrease Even More? The Stock Formed Bearish Ascending Triangle Chart Pattern

September 17, 2017 - By Vivian Currie

Investors sentiment decreased to 1.1 in 2016 Q4. Its down 0.27, from 1.37 in 2016Q3. It dropped, as 39 investors sold CME Group Inc shares while 231 reduced holdings. 81 funds opened positions while 215 raised stakes. 273.92 million shares or 3.61% more from 264.37 million shares in 2016Q3 were reported.
Metropolitan Life Insur owns 170,301 shares. Roberts Glore Inc Il invested in 0.68% or 8,474 shares. Bangor State Bank holds 0.11% of its portfolio in CME Group Inc (NASDAQ:CME) for 3,857 shares. Moreover, Oak Ridge Invs Ltd Liability has 0.01% invested in CME Group Inc (NASDAQ:CME) for 2,288 shares. Rmb Capital Mgmt Ltd Com stated it has 111,333 shares. Moreover, Horizon Invs Limited Liability has 0.05% invested in CME Group Inc (NASDAQ:CME) for 6,494 shares. Tiaa Cref Inv Mgmt Ltd Co holds 2.30 million shares or 0.2% of its portfolio. Steinberg Glob Asset Mngmt reported 0.1% of its portfolio in CME Group Inc (NASDAQ:CME). Motley Fool Wealth Management Limited Liability Company holds 6,597 shares or 0.08% of its portfolio. Bedrijfstakpensioenfonds Voor De Media Pno holds 12,300 shares or 0.18% of its portfolio. Gateway Invest Advisers Llc invested 0.24% in CME Group Inc (NASDAQ:CME). Shelter Mutual Ins Co reported 84,100 shares stake. Baldwin Brothers Incorporated Ma holds 0.02% of its portfolio in CME Group Inc (NASDAQ:CME) for 913 shares. Westpac Corp, Australia-based fund reported 820,289 shares. Riverhead Capital Mngmt Limited Liability Com reported 12,979 shares.

Since April 10, 2017, it had 0 insider buys, and 8 selling transactions for $3.85 million activity. $700,502 worth of CME Group Inc (NASDAQ:CME) was sold by Holzrichter Julie on Wednesday, June 7. 10,265 shares were sold by Cutinho Sunil, worth $1.21 million on Wednesday, May 24. $100,744 worth of CME Group Inc (NASDAQ:CME) was sold by Bitsberger Timothy S.. 4,125 CME Group Inc (NASDAQ:CME) shares with value of $505,081 were sold by Kometer Kevin. On Monday, June 12 Winkler Julie sold $539,148 worth of CME Group Inc (NASDAQ:CME) or 4,315 shares. 2,500 shares were sold by Pietrowicz John W., worth $294,625.

The stock of CME Group Inc (CME) formed an ascending triangle with $127.38 target or 3.00 % below today’s $131.32 share price. The 5 months triangle pattern indicates high risk for the $44.64B company. If the $127.38 price target is reached, the company will be worth $1.34B less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock decreased 0.61% or $0.8 on September 15, reaching $131.32. About 1.67M shares traded or 49.11% up from the average. CME Group Inc (NASDAQ:CME) has risen 25.35% since September 17, 2016 and is uptrending. It has outperformed by 8.65% the S&P500.

Investors wait CME Group Inc (NASDAQ:CME) to report on October, 26. its quarterly earnings Wall Street analysts expect $1.18 earnings per share, up $0.13 or 12.38 % from last year’s $1.05 same quarter earnings. This translates into $401.12 million profit for CME giving the stock a 27.82 P/E. This is assuming the current $1.18 EPS is accurate. CME Group Inc’s Wall Street analysts see -4.07 % negative EPS growth, taking into account the $1.23 EPS reproted in the previous quarter,

CME Group Inc (NASDAQ:CME) Ratings Coverage

Among 14 analysts covering CME Group (NASDAQ:CME), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. CME Group had 42 analyst reports since August 3, 2015 according to SRatingsIntel. The company was downgraded on Monday, November 14 by JP Morgan. RBC Capital Markets maintained CME Group Inc (NASDAQ:CME) on Monday, September 11 with “Buy” rating. RBC Capital Markets maintained CME Group Inc (NASDAQ:CME) rating on Monday, June 12. RBC Capital Markets has “Buy” rating and $13000 target. Deutsche Bank maintained it with “Buy” rating and $105 target in Tuesday, January 26 report. The stock of CME Group Inc (NASDAQ:CME) has “Equal-Weight” rating given on Friday, July 29 by Barclays Capital. UBS maintained it with “Buy” rating and $114 target in Friday, July 29 report. Barclays Capital maintained it with “Equal Weight” rating and $100.0 target in Tuesday, August 11 report. The company was maintained on Tuesday, August 22 by Jefferies. The firm has “Overweight” rating given on Wednesday, January 13 by JP Morgan. The company was maintained on Thursday, July 14 by CLSA.

More notable recent CME Group Inc (NASDAQ:CME) news were published by: Nasdaq.com which released: “CME Group Makes Clean Sweep With Solid Average Daily Volume” on September 07, 2017, also Reuters.com with their article: “CME Group to exit OTC credit default swap clearing business” published on September 14, 2017, Nasdaq.com published: “CME Group to Exit Credit Default Swap, Frees $650M Capital” on September 15, 2017. More interesting news about CME Group Inc (NASDAQ:CME) were released by: Zacks.com and their article: “Why Is CME Group (CME) Up 1.6% Since the Last Earnings Report?” published on September 01, 2017 as well as Seekingalpha.com‘s news article titled: “CME Group (CME) Presents at Barclays Financial Services Conference (Transcript)” with publication date: September 12, 2017.

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