Chicago Mercentile Exchange

By Steve Abraham on Feb 23, 2007

CME has been a monster stock since it went public a couple of years ago. Its a stock that offers a lot of risk and reward. It currently has pulled back to support that has been established over the last few months. It may be too early to buy now, but I think it makes sense to watch this stock in the next few weeks. This is a Google-like stock. You dont get the opportunity very often to make a low risk buy. I think CME is approaching that point.

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This entry was posted on Friday, February 23rd, 2007 at 1:17 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.

3 Responses to “Chicago Mercentile Exchange”

By Eric K on February 26th, 2007 at 5:38 am

I’d hold off to see if the 100dma holds or not. If it breaks through the 100 day then I’d be looking to get in at the 200dma support line around $500.

By Anonymous on February 26th, 2007 at 11:28 am

CME has hit the 100 ma support today, down 7, look for a head and shoulders to form at around 508, it will break through the 100 ma, it’s not completely oversold just yet. Im looking for a 508 support hold with a buy signal at the MACD crossover

By JOSEPH on February 28th, 2007 at 5:44 pm

Wow! Anonymous from 922607 Great call!

I think that CME may just about be ready to be bought. Tomorrow will be a key day, depending upon whether we see another wave of selling. Otherwise it may be time to pick up a partial position. The market has to be watched carefully the next five days.

I was not too pleased that after down 400 we could only manage an up 50.

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