Intercontinental (ICE) Offering Possible 5.26% Return Over the Next 17 Calendar Days

Intercontinental's most recent trend suggests a bearish bias. One trading opportunity on Intercontinental is a Bear Call Spread using a strike $70.00 short call and a strike $75.00 long call offers a potential 5.26% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $75.00 long call strike price.

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

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

The RSI indicator is below 20 which suggests that the stock is in oversold 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

Canada's TMX buys ICE's Trayport energy trading platform
Fri, 27 Oct 2017 15:33:43 +0000
Toronto Stock Exchange owner TMX Group Ltd said on Friday it will buy Trayport, a London-based energy trading software firm, from Intercontinental Exchange Inc for C$931 million ($723 million) for more global exposure and the recurring revenue. As part of the deal, TMX will sell Natural Gas Exchange Inc (NGX) and Shorcan Energy Brokers Inc to ICE and pay the remaining C$592 million value of the deal in cash. It improves the revenue mix” for TMX, said National Bank Financial analyst Jaeme Gloyn, who estimates Trayport will add 6 percent to its earnings before interest, taxes, depreciation and amortization in the first 12 months after the deal closes.

[$$] Intercontinental Exchange to Swap Companies with TMX Group
Fri, 27 Oct 2017 14:39:21 +0000
Intercontinental Exchange is selling one its companies to TMX Group and receiving two other companies and cash in exchange.

TSX owner to buy commodities trading platform Trayport from ICE
Fri, 27 Oct 2017 11:13:59 +0000
TMX Group Ltd, owner of the Toronto Stock Exchange, said on Friday it would buy commodities trading platform Trayport from Intercontinental Exchange Inc for C$931 million . TMX also said it would sell …

Intercontinental Exchange Announces Sale of Trayport to TMX Group in Exchange for £350MM Cash and NGX and Shorcan Energy
Fri, 27 Oct 2017 11:00:00 +0000
Intercontinental Exchange , a leading operator of global exchanges and clearing houses and provider of data and listings services, announced it has agreed to sell Trayport to TMX Group Limited in exchange for certain TMX Group assets and cash of £350 million.

Intercontinental Exchange to Launch SONIA Futures Contract
Thu, 26 Oct 2017 13:40:00 +0000
Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that on December 1, 2017, ICE Futures Europe expects to launch a new one month, cash-settled futures contract based on the Sterling Overnight Index Average rate.

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