CME Group Inc. stock trades under the ticker CME & has shown recent bullish behavior that traders & investors should research further into.
CME stock closed at $201.46/share on 8/8/2022.
CME Group Inc. CME Stock’s Technical Performance Broken Down
CME Stock Price: $201.46
10 Day Moving Average: $199.34
50 Day Moving Average: $202.38
200 Day Moving Average: $218.68
MACD: -1.138
RSI: 49.49
Yesterday, CME completed a bullish MACD crossover, despite closing down slightly from its 50 day moving average after two days of growth.
Their recent trading volumes have been lighter than average, and their RSI is still neutral, signaling that there is uncertainty regarding CME stock’s value in the near-term.
They have support at the $199.53 & $199.34/share price levels, while they attempt to break out above the $206.11 & $211.19 resistance levels.
CME Group Inc. CME Stock As A Long-Term Investment
Long-term oriented investors will like CME stock’s valuation metrics, with a 24.56 P/E (ttm) & 2.54 P/B (mrq).
They recently reported 4.9% Quarterly Revenue Growth Y-o-Y, with 29.8% Quarterly Earnings Growth Y-0-Y.
Their balance sheet will require a closer examination, with $1.97B of Total Cash (mrq) & $3.97B of Total Debt (mrq).
CME stock pays a 1.88% dividend yield, which appears sustainable in the long-term, with a 47.2% payout ratio.
89.1% of CME stock’s outstanding share float is owned by institutional investors.
CME Group Inc. CME Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from CME stock’s price movements in any direction, while hedging against broader market volatility.
I am looking at the contracts with the 8/19 expiration date.
The $200, $190 & $197.50 call options are all in-the-money, with the former having more open interest than the latter two strike price.
The $210, $205 & $202.50 puts are also in-the-money, listed from highest to lowest levels of open interest.
Tying It All Together
CME stock has many interesting characteristics that can be used to add value to a portfolio.
Investors will like their valuation metrics & dividend yield, but may want to research their balance sheet further before investing.
Traders will like their current momentum, as well as the liquidity of their options & weekly expiration dates.
All-in-all, it is worth taking a closer look into CME stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF CME STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***