With perfect score intact..
INTEROIL CORP (NYSE:IOC)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, IOC scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
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+10 | Last Hour Close Above 5 Hour Moving Average | |
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+15 | New 3 Day High on Tuesday | |
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+20 | Last Price Above 20 Day Moving Average | |
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+25 | New 3 Week High, Week Ending December 11th | |
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+30 | New 3 Month High in November | |
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| +100 | Total Score | ||
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