IBKR has pulled back to its historically bullish 320-day moving average
Stocks are quite volatile today as investors contend with the latest tariff updates and speculate over a bottom to the recent selloff. Within this context, shares of Interactive Brokers Group Inc (NASDAQ:IBKR) are down 2.8% at $141.95, and trading at their lowest level since October. For those looking for buy the dip, IBKR has bullish potential.
The stock is contending with long-term support at its 320-day moving average today, which also happens to be a historically bullish trendline. Per Schaeffer's Senior Quantitative Analyst Rocky White, the security is within 0.75 of the trendline's 20-day average true range (ATR) for the first time in at least eight of the last 10 trading days, after spending at least 75% of the last six months above it.
Within these parameters, three other signals occurred in the past three years. IBKR was higher one month later after each one of these events, averaging a healthy 10.4% gain.
The equity is also holding on to a 27.8% year-over-year gain, and has outperformed options traders' volatility expectations over the past year. This is per its Schaeffer's Volatility Scorecard (SVS) of 88 out of 100.
