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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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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