Intercontinental (ICE) Offering Possible 7.53% Return Over the Next 27 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 7.53% return on risk over the next 27 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 $0.70 would be kept by the premium seller. The risk of $9.30 would be incurred if the stock rose above the $115.00 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 40.33 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

Earnings Preview: IntercontinentalExchange (ICE) Q3 Earnings Expected to Decline
Thu, 22 Oct 2020 16:33:04 +0000
ICE (ICE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Datto's stock opens 19% above IPO price, then pulls back
Wed, 21 Oct 2020 17:19:00 +0000
Shares of Datto Holding Corp. rallied out of the gate, as they opened 18.5% above the initial public offering price, before paring gains. The cloud-based software company, which is a wholly owned subsidiary of New York Stock Exchange parent Intercontinental Exchange Inc. , raised $594.0 million in the IPO, which priced at $27 a sjare, at the top of the expected range of $24 to $27 a share. With 157.55 million shares outstanding after the IPO, the pricing valued the company at about $4.25 billion. The stock's first trade on the NYSE was at $32.00 at 12:05 p.m. Eastern for 2.3 million shares. The stock has pulled back since then, to trade 4.7% above the IPO price. Morgan Stanley, BofA Securities, Barclays and Credit Suisse were the lead underwriters. In the six months ended June 30, Datto recorded net income of $10.1 million on revenue of $249.1 million, after a net loss of $25.7 million on revenue of $214.9 million in the same period a year ago. The company has gone public at a time that the Renaissance IPO ETF has rallied 23.9% over the past three months while the S&P 500 has gained 6.6%.

Datto Makes Public Debut on the New York Stock Exchange
Wed, 21 Oct 2020 17:00:00 +0000
The New York Stock Exchange welcomed Datto Holding Corp. to the NYSE after it opened for trading today under the ticker symbol "MSP."

Were Hedge Funds Right About Crowding Into Intercontinental Exchange Inc (ICE)?
Wed, 21 Oct 2020 15:34:29 +0000
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

PennyMac Live on Ellie Mae's Next Generation Digital Lending Platform for Correspondent Business Less Than One Year After Announcing Expanded Partnership
Wed, 21 Oct 2020 13:00:00 +0000
Ellie Mae®, the leading cloud-based platform provider for the mortgage finance industry and now ICE Mortgage Technology, a division of Intercontinental Exchange, Inc. (NYSE: ICE), today announced that PennyMac Corp., a subsidiary of PennyMac Mortgage Investment Trust (NYSE: PMT) and currently the largest correspondent aggregator in the United States, is live with Ellie Mae's next generation Digital Lending Platform for its correspondent business.

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