IVAN is a stock that you need to have on your watchlist for Monday. As the price of oil and gasoline continues to tick higher, you need to have stocks such as IVAN on your watchlist, as momentum traders are going to continue to swoop into stocks such as these and bid them higher. This is exactly what happened to IVAN on Friday, and I wouldn’t be surprised at all to see IVAN continue to trade higher next week, and even break its 52 week high of $3.43. IVAN closed at $2.82 on Friday, up over 10%. The risk/reward profile, in my opinion, seems to heavily favor the longs at this point.
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