SELL: CME Group Inc. (CME)
From Cabot Dividend Investor
Updated from Wall Street’s Best Investments 801, January 17, 2018
Since peaking in November, CME Group Inc. (CME) has had a clear downward trend, even after announcing great earnings. It’s possible that volatility will return, and this stock will rally. But aside from that, it is hard to see what will propel the stock higher in the near term. It also recently broke through the 50-day and 200-day moving averages and looks destined to fall to at least $160. I won’t fight the trend and I’m selling the remaining third of the position for a double-digit return.
Tom Hutchinson, Cabot Dividend Investor, www.cabotwealth.com, 978-745-5532, March 13, 2019