timwest
Long

Iac/Interactivecorp IACI Daily - Earnings Trend SUPPORT

NASDAQ:IACI   IAC INTERACTIVECORP
185 1 2
I'm trying something a little new here, but highlighting where IACI has reported earnings in the past. Since these days are the 4 most important days each year in the chart of IACI, I am doing some creative "trend" analysis and using the mid-point of the 3-days of earnings reporting.

See what you think. This stock is cheap relative to the social networks and internet bubble stocks, and is nicely oversold relative to its recent high.

Risk, 3 average true ranges, versus an upside target of roughly 5 average true ranges (11-day calculation).

Tim 9:52AM Monday, May 19, 2014 62.90 +0.09 last
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Also - UP bars are purple. Down bars are green. Black bars are inside/outside bars
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