Technical Summary: Since pulling back to a low a couple of years ago the stock of IFT has made some slow but steady games and now finds itself trading at around its all time highs. The stock recently broke to new highs in a text book breakout. The stock looks slightly overextended from its 50 day moving average at the current juncture but it could potentially be purchased as a continuation buy to new highs. The price action matches our long term fundamental view on IFT where we have been buy rated. You can click here to have a look at our fundamental report on IFT.