Our system’s recommendation today is to STAY LONG. The previous BUY recommendation was issued on 4/18/2013, 33 days ago, when the stock price was 69.3490. Since then IEP has risen by +28.99%.
The market is uncertain with a negative tilt. The traders seem to be in disagreement. The negative sentiment, however, is increasing as evident from the last bearish pattern. So, it is better to be on alert.