CME Group Inc (CME): Buy This Stock’s Breakout for a Chance at 17% Returns

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Last week, CME Group Inc (NASDAQ:CME) broke out of a tight, seven-day consolidation phase, which defined the bottom range of the bull flag. This tight consolidation zone had a bearish tone that quickly turned into a bullish reversal, and such moves are often strong signs that the stock has much higher to go.

During the past four trading days, CME Group Inc (NASDAQ:CME) has again settled into a consolidation phase. A break above $75.40 would complete an important multi-week consolidation phase, which is nothing but bullish in the bigger picture.

CME Stock Chart - Daily

Recommended Trade Setup:

— Buy CME Group Inc (NASDAQ:CME) on a daily close at or above $75.40
— Set stop-loss at $72.80
— Set initial price target at $88 for a potential 17% gain in 5-10 weeks

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