Intercontinental (ICE) Offering Possible 6.38% 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 6.38% 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 $0.60 would be kept by the premium seller. The risk of $9.40 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 down which suggests that the medium-term momentum for Intercontinental is bearish.

The RSI indicator is at 37.28 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

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Thu, 27 May 2021 20:55:06 +0000
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Intercontinental Exchange Chairman & CEO Jeffrey C. Sprecher to Present at the Piper Sandler Global Exchange and FinTech Conference on June 10
Thu, 27 May 2021 20:30:00 +0000
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, announced today that Jeffrey C. Sprecher, Chairman and CEO, will present at the Piper Sandler Global Exchange and FinTech Conference. The presentation will take place on Thursday, June 10 at 10:00 a.m. ET. The presentation will be available live and in replay via webcast and can be accessed in the investor relations and media section of ICE’s website at http://ir.theice.com/.

April 2021 Origination Insight Report from ICE Mortgage Technology Shows Fourth Consecutive Month Faster Time to Close
Wed, 26 May 2021 13:00:00 +0000
ICE Mortgage TechnologyTM, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today issued its Origination Insight Report (OIR) for April 2021. In this month’s report, data show that the average time to close on all loans has decreased for a fourth consecutive month to 51 days.

ICE Reports Record Total Futures and Options Open Interest of 84.5 Million Contracts
Tue, 25 May 2021 12:01:00 +0000
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced record open interest of approximately 84.5 million contracts on May 21, 2021, surpassing the previous record set on March 12, 2020.

ICE Announces That Morgan Stanley Becomes New Clearing Member of ICE Futures Abu Dhabi
Fri, 21 May 2021 12:00:00 +0000
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that Morgan Stanley & Co. LLC has become the latest Exchange and Clearing Member for ICE’s newest exchange, ICE Futures Abu Dhabi (“IFAD”).

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