ICE Up 6% on Triangular Bull Flag
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
More on this topic
(What's this?)
Courting Disaster? Amaranth And ICE Limits
(Hard Assets Investor, 1/2/07)
The Mysterious Case Of The Vanishing Bull Volume
(Zero Hedge, 5/21/09)
ICE Cleared By SEC, CDS Clearinghouse Launches Monday
(Zero Hedge, 3/6/09)