INTERCONTINENTAL EXCHANGE
(ICE-NYSE):
Technical Viewpoint: From a low
of $80.20 on Jul 11, 2008 prices
rallied, reaching a
high of $104.99
on Jul 30, 2008. A
decline saw prices pull back, reaching a
low of
$80.76 on Aug 13, 2008.
Another rally saw prices penetrate
resistance, closing 9/5/08
at $97.72. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 27, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $90.00. Resistance: Is at $98.49.
Point & Figure: Reversed to the upside on Sep 4, 2008. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! INTERCONTINENTAL EXCHANGE
(ICE-NYSE) @ $97.88 Stop: Use a protective stop of $95.13.
INTERCONTINENTAL EXCHANGE is currently trading @ $97.72 plus $7.27 on Sep 5, 2008. Price Objective:
$117.00. Risk/Reward: $2.75 VS. $19.12. Today's Risk Reward Ratio: 7:1
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