Technical Summary: For most of the last year the stock of IFT appeared to be moving higher in what was an orderly uptrend. The stock took a pause from this trend with a short consolidation before a trendline breakout. The stock then moved higher (towards its previous highs as marked in white on the 5 year chart) before unravelling. In the matter of a couple of weeks the stock fell from $3.35 and careened towards $3.00 where it found support. The price action was punctuated at the time by nasty gaps in the price that accelerated the move. The stock then found signs of accumulation. From a technical perspective it was not necessarily buyable at this juncture but may have found its way back to your watchlist. The stock then consolidated nicely before breaking out. This breakout was buyable but the stock is overextended now. As it approaches some obvious resistance near all time highs we would like to see some consolidation to shake out all the weak hands before hopefully setting up another buypoint.