ICE Up 6% on Triangular Bull Flag
Posted on Wed 3rd Jan, 2007 11:05:27 AM
Straight from the books, you can see how Intercontinentalexchange (ICE) set itself up last week. The original triangular pattern called us for a move one way or another, and the decreasing volume overall signaled its arrival soon. A move to $110ish was bullish, and you can see with the green box where the stock broke the pattern. This was your buy signal for those taking a position off the pattern, and today ICE shares are up over 6% trading near $115 with a high of $115.68
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