RSI Above 70: CME Getting Frothy at $319.03
CME Group Inc (CME) ticked higher by 1.61% to $319.03 on February 25.
The technical setup looks bullish:
Moving Averages
The stock holds above both the 9-day ($307.92) and 21-day ($299.95) EMAs, confirming the uptrend.
Momentum
RSI at 81.6 is elevated in overbought zone, which often precedes pullbacks. MACD reads 8.33 against its 7.35 signal line (bullish).
Volatility
Price is extended above the upper Bollinger Band ($317.89), suggesting possible mean reversion.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
The $282.06-$317.89 range defines near-term boundaries.
