Intercontinental (ICE) Offering Possible 8.7% Return Over the Next 17 Calendar Days

Intercontinental's most recent trend suggests a bullish bias. One trading opportunity on Intercontinental is a Bull Put Spread using a strike $100.00 short put and a strike $95.00 long put offers a potential 8.7% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $95.00 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 at 76.8 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

ICE (ICE) Up 11.9% Since Last Earnings Report: Can It Continue?
Sat, 29 Aug 2020 15:31:03 +0000
ICE (ICE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Stocks Showing Improved Relative Strength: Equifax
Fri, 28 Aug 2020 17:14:00 +0000
Equifax saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 68 to 71. See if Equifax can continue to show renewed price strength and clear that threshold. Equifax is working on a flat base with a 181.86 entry.

Hedge Funds Still Very Bullish On Intercontinental Exchange Inc (ICE)
Fri, 28 Aug 2020 16:40:04 +0000
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

PRESS DIGEST- Wall Street Journal – Aug 27
Thu, 27 Aug 2020 05:56:11 +0000

SEC approves NYSE proposal to allow capital raise through direct listing
Wed, 26 Aug 2020 22:02:08 +0000

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