Friday, December 14, 2007

ICE on Fire

ICE finally broke out from it's 52-week high, the stock is now free to move much higher!

Note: So much for a market rally today, nobody wants to be long over the weekend.

1 comment: said...

This is an trend analysis of ICE from thought you would find it interesting.

Strong Uptrend

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

Based on a pre-defined weighted trend formula for chart analysis, ICE scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend):

-10 Last Hour Close Below 5 hour MA
+15 3 Day High on Friday
+20 Last Price Above 20 Day MA
+25 3 Week High, Week Ending Dec 15
+30 3 Month High in December

+90 Total Score

Happy holiday by the way,

Lindsay at the TradersBlog