Cme Group Inc. ($CME) - Overbought - views

Cme Group Inc. has hit a technical signal on 3 different technical indicators. CME is in the Finance sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $291.00 on Feb 13.

There are currently 21 analysts covering the company. Of these analysts, 14 have a buy recommendation. The current consensus estimate for quarterly earnings among the 21 analysts covering the stock is $4.01 per share. Last quarter the company earned $4.70 per share. The consensus estimate for this years earnings is $17.63 per share as compared to the next years' expectation, of $19.37 per share. The consensus estimate for next years earnings is $19.37 per share, which represents forecast growth of 9.9%.

Over the last 52 weeks, the stock has been trading between $224.69 and $316.68. More recently in the last 4 weeks, the stock has been trading between $226.00 and $292.63. Yesterday the stock traded between $287.00 and $292.63. The stock currently has a PE ratio of 12.7.

Cme Group Inc. is trading 13.9% from its 20-day simple moving average (SMA) of $255.41 and 17.6% from its 50-day SMA and 10.05% from its 200-day SMA. Average daily volume over the last 30 days has been 785,014 shares.

At yesterdays close: the RSI was at 80.8, the CCI was at 125.6 and the Fast Stochastic was at 97.1. CME closed yesterday at $291.00, on volume of 700,698 shares as compared to an average volume of 785,014 over the last 4 weeks.

CME Group Inc. operates the CME, CBOT, NYMEX, and COMEX regulatory exchanges worldwide. The company provides a range of products available across various asset classes, including futures and options on interest rates, equity indexes, energy, agricultural commodities, metals, foreign exchange, weather, and real estate. It offers various products that provide a means of hedging, speculation, and asset allocation relating to the risks associated with interest rate sensitive instruments, equity ownership, changes in the value of foreign currency, credit risk, and changes in the prices of commodities. CME Group owns and operates clearing house, CME Clearing, which provides clearing and settlement services for exchange-traded contracts and counter derivatives transactions; and also engages in real estate operations. Its primary trade execution facilities consist of its CME Globex electronic trading platform and open outcry trading floors, as well as privately negotiated transactions that are cleared and settled through its clearing house. In addition, the company offers market data services comprising live quotes, delayed quotes, market reports, and historical data services, as well as involves in index services business. CME GroupÂ’s customer base includes professional traders, financial institutions, institutional and individual investors, corporations, manufacturers, producers, and governments. It has strategic partnerships with BM&FBOVESPA S.A., Bursa Malaysia Derivatives, Singapore Exchange Limited, Green Exchange, Dubai Mercantile Exchange, Johannesburg Stock Exchange, and Bolsa Mexicana de Valores, S.A.B. de C.V., as well as joint venture agreement with Dow Jones & Company. The company was formerly known as Chicago Mercantile Exchange Holdings Inc. and changed its name to CME Group Inc. in July 2007. CME Group was founded in 1898 and is headquartered in Chicago, Illinois.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.