Intercontinental (ICE) Offering Possible 9.89% Return Over the Next 30 Calendar Days

Intercontinental's most recent trend suggests a bearish bias. One trading opportunity on Intercontinental is a Bear Call Spread using a strike $105.00 short call and a strike $115.00 long call offers a potential 9.89% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $105.00 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 $115.00 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 down which suggests that the medium-term momentum for Intercontinental is bearish.

The RSI indicator is at 26.56 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

Intercontinental Exchange sells 9.9% Euroclear stake to two European buyers
Tue, 17 May 2022 11:21:46 +0000
Intercontinental Exchange Inc. said Tuesday it agreed to sell its 9.9% stake in Brussels-based security settlement company Euroclear for a combined 709 million euros ($746 million) to two European buyers. ICE will sell a 5.42% stake in Euroclear to French, government-owned investment firm Caisse des Dépôts et Consignations (CDC) and 4.43% of its stake to Société Fédérale de Participations et d'Investissement SA (SFPI-FPIM), a Belgium government investment company. The sale comes after ICE in Oct

ICE Announces Update on Divestment of Euroclear Stake
Tue, 17 May 2022 08:31:00 +0000
ATLANTA & LONDON, May 17, 2022–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced an update on the divestment of its 9.85% stake in Euroclear, the Brussels-based provider of post-trade security settlement, custody, and collateral management.

Intercontinental Exchange Announces Results from 2022 Annual Meeting of Stockholders
Mon, 16 May 2022 20:58:00 +0000
ATLANTA & NEW YORK, May 16, 2022–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced the results of the Company’s 2022 Annual Meeting of Stockholders, which was held Friday, May 13. A replay of the meeting is available at www.ir.theice.com.

Wall Street Has Jitters Over ICE-Black Knight Antitrust Concerns
Fri, 13 May 2022 13:00:00 +0000
(Bloomberg) — Investors are worried that Intercontinental Exchange Inc.’s $13.1 billion deal to buy mortgage software rival Black Knight Inc. could run into antitrust obstacles at the Justice Department.Most Read from BloombergElon Musk Sows Doubt Over His $44 Billion Twitter TakeoverSony PlayStation Staff Fume Over CEO’s Abortion CommentsUkraine Latest: US Senator Delays Aid Vote; Russia Eyes BorderTerraform Again Halts Blockchain Behind UST Stablecoin, LunaApple Testing iPhones That Ditch Lig

Intercontinental Exchange prices $8 billion in bonds to finance Black Knight acquisition
Fri, 13 May 2022 11:23:14 +0000
Intercontinental Exchange said late Thursday it priced $8 billion in bonds to finance its $13 billion acquisition of Black Knight Inc. . The deal has 11 joint book-running managers including Bank of America Corp.'s BofA Securities Inc. unit, Goldman Sachs Group Inc. , Wells Fargo Securities LLC , Citigroup Global Markets Inc. and PNC Capital Markets LLC . Intercontinental Exchange announced the acquisition of Black Knight on May 4. Shares of Intercontinental Exchange rose 1% in premarket trades

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