Intercontinental's most recent trend suggests a bearish bias. One trading opportunity on Intercontinental is a Bear Call Spread using a strike $90.00 short call and a strike $100.00 long call offers a potential 29.03% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $2.25 would be kept by the premium seller. The risk of $7.75 would be incurred if the stock rose above the $100.00 long call 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 at 63.11 level which suggests that the stock is neither overbought nor oversold at this time.
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
Popular oil ETF USO plunges by about 20% at lows after halt as crude prices extend ugly drop
Tue, 21 Apr 2020 13:55:00 +0000
Trading in United States Oil Fund LP , one of the most popular ways for retail investors to gain exposure to crude-oil futures , plunged more than 20% at its low on Tuesday, after being halted for news pending before the opening bell. The sponsor for the exchange-traded fund, USCF, says that it will suspend the creation of shares of the ETF as oil has been beaten down due to oversupply and a lack of storage. The ETF holds between 25% and 30% of the June contract for West Texas Intermediate oil. USO saw about $1.5 billion in inflows as retail investors have tried to pick the turning point for embattled oil prices, which have been slammed due to a lack of storage and price pressures amid the outbreak of the COVID-19 pandemic, according to the Financial Times.The most actively traded June contract on Tuesday was down nearly 30% at $14.89 a barrel, a day after the front-month May contract staged a historic plunge to close in negative territory for the firs time ever. USO is down more than 76% so far this year, according to FactSet data. The temporary suspension of USO shares will not impact trade on ETF-focused exchange NYSE Arca, which is operated by the New York Stock Exchange, run by Intercontinental Exchange Inc.
Have Corporate Bonds Already Priced in Oil’s Collapse?
Tue, 21 Apr 2020 13:04:00 +0000
Bonds of oil-and-gas drillers have had a relatively muted reaction to the collapse in May oil futures on Monday.
Breckinridge Capital Advisors Selects ICE Climate Risk, Powered by risQ to Provide Data and Analytics for the Municipal Bond Market
Tue, 21 Apr 2020 12:30:00 +0000
Intercontinental Exchange, Inc. (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that Breckinridge Capital Advisors has selected ICE Climate Risk, Powered by risQ, to provide climate risk data and analytics on the municipal bond market. ICE Climate Risk was launched by ICE Data Services and risQ to provide innovative climate risk analytics, to enable the municipal bond ecosystem to incorporate climate risk into project and investment decisions.
ICE ETF Hub Growth Continues in First Quarter With March Notional Volumes Surging, New Functionality Going Live
Mon, 20 Apr 2020 12:30:00 +0000
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that creation and redemption activity on ICE ETF Hub continued to increase throughout the first quarter of 2020, supported partly by new ETF Hub community members and functionality.
Senators’ privileged information does not often result in market-beating returns, Dartmouth research team concludes
Sat, 18 Apr 2020 12:55:00 +0000
When senators buy or sell stocks, they usually do worse than broader benchmarks, new academic research finds.
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