Stock exchange giant Intercontinental Exchange (ICE), the parent of the New York Stock Exchange and other exchanges, keeps setting up new patterns and breaking out. As a result, the Relative Strength (RS) Rating for ICE stock climbed to 72 Monday, up from 68 the prior trading session.
The 72 RS Rating means that Intercontinental Exchange, commonly known as ICE, is outperforming 72% of all stocks. ICE stock dipped fractionally Monday in sync with market consolidation. In addition to the New York Stock Exchange, ICE owns futures exchanges in the U.S., Canada and Europe, and operates six clearing houses in the U.S., Europe, the Middle East and Asia. A clearing house facilitates payments among financial institutions.
ICE Stock Boasts Strong Composite Rating
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they begin their largest runs. See if ICE stock can continue to rebound and clear that threshold.
Among other ratings, ICE stock has an 88 Composite Rating, putting it in the top 12% of stocks on this key metric. The IBD Composite Rating is an amalgam of five key ratings including EPS, Relative Strength and SMR (sales+profit margins+return on equity). The Atlanta, Ga.-based company also has a 74 EPS Rating and an A SMR Rating on an A to E scale with A excellent.
Earnings grew 12% last quarter to $1.16 per share. Revenue in its most recent quarter rose 9% to $2.13 billion. The company is expected to report its latest results on or around Oct. 29.
Peers In Financial Specialty Services Group
ICE stock earns the No. 18 rank among its peers in the Financial Services-Specialty industry group. Business First Bancshares (BFST) and Donnelley Financial Solutions (DFIN) are also among the group’s highest-rated stocks.
ICE stock is in a buy range after climbing above a 122.52 buy point in a flat base. Once a stock moves 5% or higher beyond the initial entry, it’s considered out of a proper buy zone.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD’s proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the trailing 52 weeks holds up against all the other stocks in our database.
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