Intercontinental (ICE) Offering Possible 9.89% Return Over the Next 20 Calendar Days

Intercontinental's most recent trend suggests a bearish bias. One trading opportunity on Intercontinental is a Bear Call Spread using a strike $115.00 short call and a strike $125.00 long call offers a potential 9.89% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $115.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $9.10 would be incurred if the stock rose above the $125.00 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 36.7 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 Exchange Members and Clearing Members approved to trade and clear ICE Futures Abu Dhabi markets
Thu, 25 Mar 2021 14:21:00 +0000
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today announced the Exchange Members and Clearing Members approved to directly trade and clear ICE Futures Abu Dhabi (“IFAD”) markets, ICE’s new exchange in Abu Dhabi.

Is Intercontinental Exchange (ICE) Stock A Buy or Sell?
Tue, 23 Mar 2021 14:14:06 +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 have processed the filings of the more than 887 world-class investment firms that we track and now have access to the collective wisdom contained in […]

ICE Launches Spark30S Atlantic and Spark25S Pacific LNG Freight Futures Contracts
Tue, 23 Mar 2021 12:48:00 +0000
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today announced that the LNG freight futures contracts based on Spark Commodities’ (“Spark”) price assessments which launched on March 22, traded on the first day.

Intercontinental Exchange Sets Date for 2021 Virtual Annual Meeting of Stockholders
Thu, 18 Mar 2021 20:30:00 +0000
Intercontinental Exchange, Inc. (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announced today that, in order to protect the health and safety of its stockholders, employees and other meeting attendees amidst the COVID-19 pandemic, the Company’s 2021 Annual Meeting of Stockholders will be held virtually, on Friday, May 14, 2021 at 8:30 a.m. Eastern Time. Stockholders of record as of the close of business on Tuesday, March 16, 2021 are entitled to participate in, vote and submit questions at the Annual Meeting. Stockholders will also be able to submit questions in advance of the meeting at proxyvote.com beginning on Friday, April 30, 2021. Additional information regarding the Annual Meeting, including how to participate, vote and submit questions, will be provided in the Company’s proxy statement, which will be filed with the Securities and Exchange Commission and will be available on the Company’s website at www.ir.theice.com in late March. A live audio webcast and replay of the Annual Meeting will be available on the Company’s investor relations website at www.ir.theice.com.

Borrowers Cash in on Refinances as Rates Begin to Rise, ICE Mortgage Technology Origination Insight Report Shows
Thu, 18 Mar 2021 13:00:00 +0000
Homeowners drove refinance share high in February, with refinances representing 68 percent of closed loans, a figure not seen since December 2012. This activity occurred as interest rates on all closed loans slightly rose for the first time since December 2019, according to the latest Origination Insight Report from ICE Mortgage TechnologyTM, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services.

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