Volume has consistently been strong on a breakout day, while relative strength has been solid. History indicates that we could see a pullback at higher levels (above 70), which might be a great time to pull the trigger. Money flow is modestly bearish but is turning up. The MACD is still on a buy signal.
It looks like ICE will make a run toward the 75 area, and with more volume, the stock could gain even more strength.
Intercontinental Exchange(NYSE: ICE) Video Chart Analysis
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Intercontinental Exchange, Inc. operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Israel, Canada, and Singapore. It operates in two segments: Trading and Clearing, and Data and Listings. The company operates marketplaces for trading and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies. It primarily provides price discovery and trade execution, listings, trade processing and data repositories, clearing and related post-trade activities, data, and benchmark administration services. The company operates exchanges and marketplaces, such as ICE Futures Europe, ICE Futures U.S., ICE Futures Canada, ICE Endex, ICE Futures Singapore, and NYSE Amex and NYSE Arca Options, as well as over-the-counter markets for physical energy and credit default swaps, and central counterparty clearing houses.