IAC/InterActiveCorp (IACI - Get Report) is an Internet company with more than 50 diversified Internet businesses across more than 30 countries. This stock is trading up 2.4% at $47.71 in recent trading.
Today's Volume: 1.9 millionAverage Volume: 1 million Volume % Change: 265% >>3 Tech Stocks to Trade (or Not) From a technical perspective, IACI is following-through with some buying interest here after the stock closed above its 50-day moving average of $46.04 on Friday. Today's move is coming on extremely heavy volume, and it's quickly pushing IACI within range of triggering a major near-term breakout trade. That trade will hit once IACI takes out some near-term overhead resistance at $47.96 with high volume. Traders should now look for long-biased trades once IACI sustains a move or close over $47.96 with volume that's near or above 1 million shares. At last check, IACI has hit an intraday high of $47.82 and volume is already hit above 1.9 million shares traded. If that breakout triggers soon, then IACI could easily trend back toward its next major overhead resistance levels at $49 to $52.65. As o the most recently reported period, IACI was one of Chase Coleman's Tiger Global Management holdings.
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