CBOE stock approaches breakout despite market struggles

The S&P 500 has recently faced its first 10% decline since last summer, with many other stocks and indices seeing even larger drops. Despite this tough market, CBOE Holdings has shown strength and is nearing a significant breakout point. On February 20, 2025, analysts pointed out CBOE to clients after the S&P 500 reached a new high. At that time, CBOE was still on its way up, and experts advised against expecting breakouts before they occur. However, the stock has continued to rise steadily in the current challenging market. CBOE is part of the capital markets sector, which is represented in the XLF Financial Sector ETF. It currently holds a small position within this group, ranking 17th out of 19 stocks. Although it has not performed well since last August, CBOE has recently started to outpace other financial stocks. The stock's monthly chart indicates a pattern of significant breakouts since it started trading in 2010, which typically leads to months of price increases. To confirm this upward trend, CBOE must solidify its current breakout attempt and hold above the $215 mark. If it succeeds, the target could be around $247. Overall, a successful breakout is possible, given CBOE's historical performance during similar situations. Analysts will be closely watching for confirmation of this trend.