The last time I traded IOC I picked it up personally around $15 a share…
I would watch it explode to $90 a share years later, buying the dips, selling the rips.
At the moment, IOC is again dipping into oversold territory on MACD, and RSI. Money Flow has been rebounding at a considerable rate.
Goldman Sachs also just added the stock to its Conviction Buy list with a PT of $45 a share.
The technical picture for IOC is tough to ignore, despite oil price concerns.
Consider buying the stock up to $38 and / or the IOC December 2015 35 calls at market.
Until next time, take good care…
Ian L. Cooper
Forgotten Profits