$ICE $ICE Baby! Look at this chart – February 25, 2025
This is Scott at Scott Trades on Twitter with StockMarketMentor.com and your Chart of the Day. I want to take a look at Intercontinental Exchange ( NYSE: ICE ).
Ice Ice Baby( NYSE: ICE ) is breaking out on a day when the rest of the market is breaking down. I definitely see some relative strength here in this chart, versus the SPY ( NYSEARCA: SPY ), and QQQ ( NASDAQ: QQQ ).
You may remember a couple of weeks or months ago, I don’t remember when I did the video before, but I mentioned always looking for stocks that are strong in a weak market. We have that right here with Intercontinental Exchange ( NYSE: ICE ), where it’s breaking out and doing it on heavier than average volume.
I would definitely keep an eye on this stock because this is showing a lot of relative strength. If we do get a bounce or a bit of a rebound here on SPY ( NYSEARCA: SPY ), where we come back into this kind of trading box that we’ve been in for the last couple of months, if we come back into the top end of that box, we should then see Ice Ice Baby ( NYSE: ICE ) continue to give us some nice upside momentum.
I would look for, either a pullback bounce off of the 8-day exponential, which has been acting as support ever since it gapped up here on earnings in early February. Or look for a momentum move with follow-through to the upside, above today’s high, with an alert in and around 171.75. That’s what I would look for here on Intercontinental Exchange ( NYSE: ICE ), Ice Ice Baby ( NYSE: ICE ), I think this chart is pretty cool.
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