InterActiveCorp (IACI) on the Road to Recovery

By | May 29, 2014

Shares of IAC/InterActiveCorp (IACI) corrected more than 20% after making new highs in March this year. The stock returned to its 200 day moving average and filled a gap from late last year. This week it broke above the downtrend line established by the decline and returned into upper Bollinger band range. The MacD has made a bullish crossover, the RSI is back above its centerline, and money flow is positive. Volume needs to improve and the stock may have to do some basing before it continues higher, but it seems to be taking some first steps on the road to recovery.

29. IACI RVT chart

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