Intercontinental (ICE) Offering Possible 9.29% Return Over the Next 16 Calendar Days

Intercontinental's most recent trend suggests a bearish bias. One trading opportunity on Intercontinental is a Bear Call Spread using a strike $135.00 short call and a strike $145.00 long call offers a potential 9.29% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $135.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $9.15 would be incurred if the stock rose above the $145.00 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 35.49 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 Announces That One Million Contracts Have Traded on ICE Futures Abu Dhabi, Equivalent to One Billion Barrels of Murban Crude
Mon, 29 Nov 2021 13:00:00 +0000
ABU DHABI, United Arab Emirates, November 29, 2021–Intercontinental Exchange (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that a total of over one million futures contracts have traded on ICE Futures Abu Dhabi (IFAD) since the exchange launched on March 29, 2021, equivalent to one billion barrels of Murban crude oil.

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Sun, 28 Nov 2021 10:00:34 +0000
In this article, we discuss Greg Poole’s Echo Street Capital Management’s top 10 stock picks. You can skip our detailed analysis of Echo Street Capital’s history, investment philosophy, and hedge fund performance, go directly to Echo Street Capital Management: Greg Poole’s Top 5 Stock Picks. In 2002, Greg Poole founded Echo Street Capital Management in […]

Here are the stock market’s trading hours for Black Friday
Fri, 26 Nov 2021 14:04:00 +0000
MARKET EXTRA U.S. financial markets are closed Thursday for Thanksgiving, and will close early on Black Friday. Black Friday, Nov. 26, is the official start to the holiday shopping season, with many retailers — including Macy’s Inc.

Cboe Global (CBOE) Stock Gains 41% YTD: More Room for Growth?
Thu, 25 Nov 2021 14:36:02 +0000
Increased medium-term target, strong market position, global reach, strength in its proprietary products, and solid capital position continue to drive Cboe Global (CBOE).

UAE Pumps $6 Billion Into Oil And Gas Expansion Projects
Wed, 24 Nov 2021 23:00:00 +0000
UAE oil major ADNOC has announced that it will spend $6 billion to upgrade its drilling program, aiming to lift its production to 5 million bpd

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