The security follows a downward trend in the short term, under the USD 48 . However, the selling pressure could run out of steam soon. Indeed, whereas the stock shows an oversold condition, the USD 42.2 currently tested might stop the in the short term.
Therefore, the proximity of the USD 42.2 support is an opportunity to take a long position in IAC/InterActiveCorp. The first goal is a return in the USD 48 . A stop loss order can be placed under the support currently tested.