ICE Play Pans Out 22% Gains
We had Intercontinental Exchange (ICE) called way back at $105 with the break of its triangular pattern. Since that move to $110, ICE has surged an astonishing 22% closing above $135 today. Check out the original chart here. Going forward it may not be a bad idea to take some of your profits off the table. Though there is still alot of upward potential, the further the stock runs from its 50 DMA, the higher the volatility risk to the downside. Setting up a stop could work in this position too.
More on this topic
(What's this?)
ICE, ICE baby - and other exchanges - Part II.
(Bapcha's Stocks., 10/21/08)
Courting Disaster? Amaranth And ICE Limits
(Hard Assets Investor, 1/2/07)
ICE, ICE Baby and other exchanges - Part I.
(Bapcha's Stocks., 10/16/08)
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Posted by Blain Reinkensmeyer on January 12, 2007 at 12:46 am --
[...] they can really turn a stock into a hire flier, remember Intercontintental Exchance (ICE) anyone? We called that for over 22% gains! Now today we are looking at a chart of the tracking fund for the FTSE/XINHUA China 25 Index (FXI), [...]