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Intercontinental Crosses Above its 10-day MA (ICE)

By James Quinn

Today, shares of Intercontinental (NYSE:ICE) have advanced above their 10-day MA of $74.03 on a volume of 681K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Intercontinental has traded in a range of $67.70 to $82.65 and is now at $74.16, 10% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Intercontinental. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Intercontinental in search of a potential trend change.

Keywords: moving crosses intercontinental

Ticker(s): ICE