CME, NYX and Trading the Trading of Stocks

Among the stocks pulling back ahead of the final trading day of the week are some of the major exchanges like Chicago Mercantile Exchange and NYSE Euronext.

Shares of CME Group (NYSE: CME) have been rangebound for the past few weeks, consolidating after a rally that took the stock to new, six-month highs. CME Group has closed lower for the past two days in a row, three out of the last four, and have earned “consider buying” ratings of 8 out of 10.

Trading in bull market territory only since the first days of February, the correction in CME is the first since the stock climbed back into bull market territory. CME has a short-term, positive edge of more than half a percent.

With a positive edge in the short-term of three-quarters of a percent, shares of NYSE Euronext (NYSE: NYX), have closed lower for the past three consecutive sessions to trade in technically oversold territory ahead of Friday’s open. Trading above its 200-day moving average for a little over a week (NYX spent six months between July 2011 and February 2012 trading in bear market territory), shares of NYX have earned “consider buying” ratings of 9 out of 10. This makes NYSE Euronext among the highest rated stocks in our database here at week’s end.

Freshly off new, 52-week highs, shares of Intercontinental Exchange Inc. (NYSE: ICE) have spent the past week in a trading range. This range has allowed the stock to work off the overbought conditions that accompanied the push to new, yearly highs. Up more than 1% in trading on Thursday, ICE may be en route to another breakout to new highs (not unlike the breakout from the mid-February range that led to the stock’s most recent new highs).

ICE has a positive, short-term edge of half a percent, and neutral ratings of 5 out of 10.

Stock ratings provided courtesy of PowerRatings. Information about quantified edges on stocks provided courtesy of The Machine

David Penn is Editor in Chief of