Shares of IntercontinentalExchange (NYSE:ICE) have bearishly opened below the pivot of $129.77 today and have reached the first support level of $129.19. Should the shares continue to fall, the support pivots of $128.36 and $126.95 will be of interest.
In the past 52 weeks, shares of IntercontinentalExchange have traded between a low of $110.67 and a high of $142.75 and are now at $129.43, which is 17% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 0.17% lower over the past week, respectively.
Potential upside of 16.8% exists for IntercontinentalExchange, based on a current level of $129.43 and analysts' average consensus price target of $151.21. IntercontinentalExchange shares should first meet resistance at the 200-day moving average (MA) of $131.95 and find additional resistance at the 50-day MA of $133.91.
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.