From Feb. 11's "As CME closes its trading pits, what's a seat worth?":
*Long time readers know we don't post many individual stock touts on the blog, preferring instead the sweeping generalities afforded by major asset classes. CME was an exception that worked out and should work out again....The last couple times we tried this it did indeed work, from $79.01 at the first mention in October to a bit over $100 last month. Now it's come down to a trendline:
From Dragonfly Capital:
Top Trade Ideas for the Week April 13, 2015: Bonus Idea
Here is your Bonus Idea with links to the full Top Ten:
CME Group, $CME, broke above resistance in September, triggering a Cup and Handle pattern. The stock met that price objective in March and has pulled back since. But the pullback found support at the rising trendline that has been in place since July and moved higher Friday. A Measured Move higher would target a run up to 107.50. This gives a good reward to risk set up.
The RSI is also turned back higher while the MACD is leveling after a pullback. The short interest is low at only 2.4% and the company is expected to report earnings next on May 7th before the open.
CME Group, Ticker: $CME...MORE
Trade Idea 1: Buy the stock with a stop at 88.50.
A simple trade in the stock.
Trade Idea 2: Buy the May 8 Expiry 92.50 Calls (offered at $2.20 late Friday).
Limiting risk to the premium paid but still giving solid upside.
Previously:
Feb. 11, 2015
"As CME closes its trading pits, what's a seat worth?"
Jan. 8, 2015
Equity Idea: Trading CME Common, Redux (CME)
Dec. 11, 2014
"CME Gains After $2 Variable Dividend; Sandler Ups Price Target" (CME)
...The target for the original recommendation was $89.75 so we're closing but the stock is one to keep in mind as this type of cup-and-handle formation can have 2, 3, or even 4 upward impulses after the breakout....Oct. 13, 2014
Trade Idea: A Derivative, Derivative, Derivative
