$ITCI | Trend Tracker for ($ITCI) (ITCI)

By Thomas Kee

$ITCI | Trend Tracker for ($ITCI) (ITCI)

The technical summary data tells us to buy ITCI near 79.45 with an upside target of 86.78. This data also tells us to set a stop loss @ 79.22 to protect against excessive loss in case the stock begins to move against the trade. 79.45 is the first level of support below 85.69 , and by rule, any test of support is a buy signal. In this case, support 79.45 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of ITCI as it gets near 86.78 with a downside target of 79.45. We should have a stop loss in place at 87.03though. 86.78 is the first level of resistance above 85.69, and by rule, any test of resistance is a short signal. In this case, if resistance 86.78 is being tested, a short signal would exist.

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