Interactive Corp (IACI) has turned rather volatile this year with a choppy trading range between 59 and 64. The stock gapped down to range support last week, but immediately firmed and surged off support with good volume. IACI is now in the process of filling the gap and a break above the January highs would be bullish. The indicator window shows the Accumulation Distribution Line moving above its early December high. This points to accumulation in 2015 and increases the odds of a breakout.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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