Intercontinental (ICE) Offering Possible 18.34% Return Over the Next 23 Calendar Days

Intercontinental's most recent trend suggests a bullish bias. One trading opportunity on Intercontinental is a Bull Put Spread using a strike $120.00 short put and a strike $110.00 long put offers a potential 18.34% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $8.45 would be incurred if the stock dropped below the $110.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Intercontinental is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Intercontinental is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Intercontinental

The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, Texas Instruments, Caterpillar and Intercontinental Exchange
Mon, 26 Apr 2021 12:29:12 +0000
The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, Texas Instruments, Caterpillar and Intercontinental Exchange

Can ICE (ICE) Keep the Earnings Surprise Streak Alive?
Fri, 23 Apr 2021 16:10:04 +0000
ICE (ICE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

5 Must-Buy Corporate Giants Ahead of Q1 Earnings Next Week
Fri, 23 Apr 2021 09:49:09 +0000
We have narrowed down our search to five corporate bigwigs slated to release first-quarter earnings results next week. These are: XOM, CVX, CAT, ICE and TXN.

IntercontinentalExchange (ICE) Reports Next Week: Wall Street Expects Earnings Growth
Thu, 22 Apr 2021 16:33:04 +0000
ICE (ICE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

ICE launches Micro Asia Tech 30 Index Futures contracts
Thu, 22 Apr 2021 12:10:00 +0000
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that it plans to launch Micro Asia Tech 30 Index futures contracts on ICE Futures Singapore on April 26, 2021.

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