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INTEROIL CORP (NYSE:IOC)
Strong Uptrend
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. 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 +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
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| -10 | Last Hour Close Below 5 hour Moving Average | ||
| +15 | New 3 Day High on Thursday | ||
| +20 | Last Price Above 20 Day Moving Average | ||
| +25 | New 3 Week High, Week Ending January 8th | ||
| +30 | New 3 Month High in November | ||
| +90 | Total Score | ||
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IOC im ready for a move, you’ve been holding steady @ 75 and that makes us investor feel good, but we are ready for big things in 2011