IRI trade ideas
IRI looks to have found some support + director buying.Recent director buys around $2.15 and now $2.50 are giving some credence to IRI for future positive growth. Having taken a beating in the last 6 months or so, it seems to have found some support, and it looks like management have taken the message that change is needed.. likely with how licensing is structured with the business. It's a good product, and a well run company which can easily pop back up to $3 with some strategic changes.
IRI Over-bought in this horizontal pattern
Offers 15% potential between top and bottom drawn support and resistance
If it makes higher highs past $3 then continue to be patient and wait for further higher highs and higher lows to confirm that it's on the uptrend before getting in for a swing trade
On the weekly chart, IRI is in a down trend and is hitting the moving average line, so wait and see if it can bust through that or if it is just going to get rejected
Integrated Research - Best run SME I've ever ownedIntegrated research consistently delivers year after year with a combination of organic and acquired growth. Tight balance sheet and repetitive income.
Currently consolidating into an ascending triangle for a further push upwards. Trending up in a long run and all above the moving averages. Doesn't scare with aggressive pullbacks. Usually just consolidates and moves up.
I am already 300% up and still holding. Love these stocks.
