TMCNet:  Downgrade Alert for CBOE Holdings (CBOE)

[January 10, 2013]

Downgrade Alert for CBOE Holdings (CBOE)

Jan 10, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- CBOE Holdings (NASDAQ:CBOE) was downgraded from Outperform to Market Perform at Raymond James today. The stock closed yesterday at $31.60 on volume of 466,000 shares, below average daily volume of 541,000. CBOE Holdings Inc. operates a marketplace for the trading of standardized, listed options on equity securities. The Company is recognized for its role in the trading of options on individual equities, market indexes and exchange-traded funds, their suite of products, their markets and their hybrid trading model.


CBOE Holdings (NASDAQ:CBOE) defies analysts with a current price ($31.60) 5.8% above its average consensus price target of $29.77. The stock should discover initial support at its 50-day moving average (MA) of $29.96 and subsequent support at its 200-day MA of $28.36.

Over the past year, CBOE Holdings has traded in a range of $24.44 to $31.68 and closed yesterday at $31.60, 29% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of CBOE Holdings on November 2nd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.55. Since that recommendation, shares of CBOE Holdings have risen 3.5%. We continue to monitor CBOE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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