IAC/InterActiveCorp (IAC) Can’t Be Less Risky. The Stock Formed a Bullish Double Top Chart Pattern

April 25, 2018 - By Peter Erickson

IAC/InterActiveCorp (NASDAQ:IAC) Logo

The chart of IAC/InterActiveCorp (IAC) shows a double top with $166.58 target or 7.00 % above today’s $155.68 share price. The 8 months chart pattern indicates low risk for the $12.87B company. It was reported on Apr, 25 by Finviz.com. If the $166.58 price target is reached, the company will be worth $900.76M more. Double tops are rare but powerful chart patterns.

The stock decreased 1.15% or $1.81 during the last trading session, reaching $155.68. About 176,901 shares traded. IAC/InterActiveCorp (NASDAQ:IAC) has risen 113.15% since April 25, 2017 and is uptrending. It has outperformed by 101.60% the S&P500.

Analysts await IAC/InterActiveCorp (NASDAQ:IAC) to report earnings on May, 2. They expect $0.38 EPS, up 660.00 % or $0.33 from last year’s $0.05 per share. IAC’s profit will be $31.41M for 102.42 P/E if the $0.38 EPS becomes a reality. After $0.76 actual EPS reported by IAC/InterActiveCorp for the previous quarter, Wall Street now forecasts -50.00 % negative EPS growth.

IAC/InterActiveCorp (NASDAQ:IAC) Institutional Positions Chart

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