Shares of IntercontinentalExchange (NYSE:ICE) traded today at $147.17, breaking its 52-week high. So far today approximately 1.1 million shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.
IntercontinentalExchange has overhead space with shares priced $147.16, or 2.0% below the average consensus analyst price target of $150.11. The stock should find initial support at its 200-day moving average (MA) of $131.29 and further support at its 50-day MA of $130.98.
Over the past year, IntercontinentalExchange has traded in a range of $117.82 to $147.17 and is now at $147.16, 25% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
IntercontinentalExchange 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, ethanol, orange juice, and sugar.