CME Group (includes Chicago Mercantile Exchange, NYMEX, CBOT, and COMEX) is a global markets company. It is the world’s largest derivatives exchange. In 2019, it was the world’s fastest growing and most valuable exchange brand for 6 years in a row. CME offers a wide range of products across all major asset classes and has built scale over the years. CME makes revenue irrespective of whether markets go up or down. As long as trading volumes go up, CME’s revenues go up. Long term prospects are, therefore, looking up.
The long-term monthly chart for CME shows a long-term up-trend for the stock . This trend halted in February of 2020, when the stock fell 40% and briefly went below the bottom long-term trend-line. However, the stock bounced back starting April, has stayed above the long-term trend-line as well as a historic support level at $158 since then. This month, the stock has bounced up from the bottom trend-line as well as the $158 support level. The price now looks poised to the $200 and $220 levels. Stop loss can be located below the $158 support level.
Position taken today at $ 166.62 with stop loss 22% below at $130. With short term take profit at $224 giving a return of 34%
On the video and images above you will see the reason this stock was selected.
You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.
Once it is time to move the original stop loss up you will see an additional image.