Intercontinental (ICE) Offering Possible 7.53% 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 $120.00 short call and a strike $130.00 long call offers a potential 7.53% 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 $120.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $9.30 would be incurred if the stock rose above the $130.00 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 at 26.84 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

Double Digit Rates Over the Long Term, Projected for Intercontinental Exchange Inc. (ICE)
Fri, 29 Jan 2021 16:22:22 +0000
Ruane, Cunniff & Goldfarb LP, an investment management firm, published its ‘Sequoia Fund’ fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 14.68% was recorded by the fund for the Q4 of 2020, outperforming its S&P 500 benchmark that returned 12.15%. You can view the fund’s top 5 […]

Will Intercontinental Exchange (ICE) Q4 Earnings Top Estimates?
Fri, 29 Jan 2021 15:52:03 +0000
Intercontinental Exchange (ICE) Q4 result is likely to benefit from diversified asset class, balanced mix of recurring and transaction-based revenues and market volatility.

ICE Mortgage Technology Origination Insight Report Sees Interest Rates Reach Historical Low in December as Refinances Continue to Surge
Thu, 21 Jan 2021 14:00:00 +0000
Interest rates continued to decline to a new historic low in December 2020 with the 30-year note rate reaching 2.93 percent – the lowest percentage since this data began to be tracked in 2014. This is according to the latest Origination Insight Report from ICE Mortgage Technology®, a division of Intercontinental Exchange, Inc. (NYSE: ICE) and the leading cloud-based loan origination platform provider for the mortgage industry.

Cooper Investors Maintains High Hopes for Intercontinental Exchange (ICE)
Sun, 17 Jan 2021 03:55:09 +0000
Cooper Investors, an employee-owned investment company that manages 7 pooled investment trusts, published its Cooper Investors Global Equities Fund (Hedged) third-quarter 2020 Investor Letter – a copy of which can be downloaded here. A positive return of 9.18% was recorded by the fund for the 3rd Quarter of 2020, ahead of its MSCI All Countries World […]

Will ICE (ICE) Beat Estimates Again in Its Next Earnings Report?
Fri, 15 Jan 2021 17:10:05 +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.

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