ICE Is Cool Under Pressure

Intercontinental Exchange (ICE) has been on a roll in 2017, experiencing higher lows and higher highs on its way to a new high this week.

We notice the strong volume on a breakout day, a good sign with such a strong stock. Relative strength is solid and as we've seen in the past with higher levels (above $70), there could be a pullback, but that might be the time to pull the trigger.

Money flow is modestly bearish, but is turning up. The moving average convergence divergence (MACD) is still on a buy signal.

We like ICE to make a run toward the $75 area after a bit, and with more volume coming in the stock looks to be gaining even more strength. Watch this video for m
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