ICE Is Cool Under Pressure

ICE (Intercontinental Exchange) has been on a roll this year, steadily making higher lows and higher highs on its way to a new high this week. Indicators are looking strong – this is definitely one to watch.

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.