IAC Uptrend Continues As Stock Approaches Historic Level


Previous Post: $IAC In Strong Uptrend

IAC is up more than 12% since the March 9th post, which noted the uptrend in the stock.

Looking farther out, the stock is pushing up against its all time high. Congestion is likely here, so taking profits is from this 12% jump is a good idea. If the stock breaks above its all time high, the trend noted above should continue. If the stock is rejected, it looks like a long term inverted head & shoulders may be in the works. If that's the case, you may have a chance to acquire shares at a better entry price.

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