Interface

IFSIA

Company. "Interface is the largest commercial carpet manufacturer in the world.... Interface offers a diverse selection of products and services for commercial interiors that includes floorcoverings, interior fabrics, architectural products, speciality chemicals and more. Interface also offers extensive installation, maintenance and project management services through the Re:Source Solutions Providers Network." (company website)

Buy. At the beginning of November, Interface broke above the $8.50 level with decent volumes and a string of up-days. The 50-day average touched the 200-day average recently but is now pulling away. Buying pressure (green +DI line) has increased, and the trend is strenthening (rising black ADX line). Money flow (CMF) is positive and strong.

Sell. IFSIA has been testing the $10 level for more than three weeks. Seeing this go on for a while, I realized that IFSIA would either break out with a nice jump on the upside or it would just breakdown. Accordingly, I set a trigger to sell automatically if the price dropped to $9.51. The order executed today.

The picture for IFSIA is no longer so rosy. Selling pressure (red -DI line) has crossed above buying pressure (green +DI line) and the trend is weakening (falling ADX line).