Intercontinental Exchange Trades Above 200-Day SMA: Time to Hold?

Key Takeaways Intercontinental Exchange Inc. (ICE) has been trading above its 200-day simple moving average (SMA), signaling a short-term bullish trend. Its share price, as of Wednesday, was $177.30, down 6.3% from its 52- week high of $189.35. Image Source: Zacks Investment Research ICE remains well-positioned to capitalize on accelerated digitization in the mortgage industry. Strategic acquisitions have delivered expense synergies and portfolio expansion, enhancing service offerings. Despite rising operat ...