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Intercontinental: The Winning Streak Continues (ICE)

By James Quinn

Intercontinental (NYSE:ICE) traded today at a new 52-week high of $92.19. So far today approximately 147,000 shares have been exchanged, as compared to an average 30-day volume of 2.1 million shares.

In the past 52 weeks, Intercontinental share prices have been bracketed by a low of $69.69 and a high of $92.19 and are now at $92.19, 32% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.

Intercontinental (NYSE:ICE) defies analysts with a current price ($92.19) 12.6% above its average consensus price target of $80.60. Intercontinental shares have support at the 50-day moving average (MA) of $84.49 and additional support at the 200-day MA of $78.32.

Intercontinental Exchange, Inc. operates global commodity and financial products marketplaces. The Company operates electronic energy markets and soft commodity exchanges as well. ICE offers access to contracts based on crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities including cocoa, coffee, cotton, orange juice, and sugar.

SmarTrend recommended that subscribers consider buying shares of Intercontinental on April 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.79. Since that recommendation, shares of Intercontinental have risen 19.7%. We continue to monitor ICE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows intercontinental

Ticker(s): ICE