INTERCONTINENTAL EXCHANGE
(ICE-NYSE):
Technical Viewpoint: From a low
of $107.93 on May 21, 2010 prices
rallied, reaching a
high of $122.49
on Jun 3, 2010. A
decline saw prices pull back, reaching a
low of
$113.50 on Jun 8, 2010.
Another rally saw prices penetrate
resistance, closing 6/11/10
at $123.41. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 13, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $118.00. Resistance: Is at $125.00.
Point & Figure: Reversed to the upside on Jun 9, 2010. A P&F upside
reversal takes place at $121.00. Summary: Technical indicators have turned bullish. BUY! Intercontinental Exchange
(ICE-NYSE) @ $123.50 Stop: Use a protective stop of $120.75.
Intercontinental Exchange is currently trading @ $123.41 plus $4.44 on Jun 11, 2010. Price Objective:
$139.50. Risk/Reward: $2.75 VS. $18.75. Today's Risk Reward Ratio: 7:1
|
Click here to view full size chart
|