In this bearish market, few names are making new highs, let alone getting near one. CME Group is a rare stock that is in striking distance of tagging a new high.

The stock shows a nice trend of higher highs and higher lows, and after a brief consolidation period we should see this stock move back up.

What’s truly remarkable is that even during the recent market volatility, this stock has held like a champ. Volume has started to pull back as CME consolidates, but the RSI is solid and momentum indicators are moving back up. I like CME to eventually move over 200 ma.