PPR - IACI pocket pivot

Published : January 30 2012 at 12:50 ET

IACI, operator of search engines, online portals, social networking, and e-commerce websites, had a pocket pivot in yesterday's trade and is looking to have a second one today. Earnings have been robust over the last 4 quarters. Institutional sponsorship has increased over the last 4 quarters. IACI has also had two prior gap ups, both on favorable earnings, and has managed to show strength in its chart pattern despite an up/down market since August 2011.

Caveats: earnings have been erratic up until the last 4 quarters, and industry group rank is 170 out of 202 groups.

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