Pilobolus Equity Research: Short: Intercontinental Hotels ADS: (IHG 24.38) Momentum has peaked out and falling

Wednesday, January 3, 2007

Short: Intercontinental Hotels ADS: (IHG 24.38) Momentum has peaked out and falling

Rational: With extreme daily momentum and spiking price action, IHG appears to be coming back to earth. ADX and RSI numbers have also reached extreme ranges and suggest a "mean reversion" at these levels.

Target: $23.33 (daily 20 day ema)

Stop: $25.50 (above Dec 29th highs)

About Pilobolus Research

Seth F. Wolff
A ten year institutional market strategist formerly with IdeaGlobal & Charles Schwab (Cybertrader Corp) advising institutional clients in the equity,commodity and fixed income area, with prior roles in institutional research sales in North America. Seth has also appeared in media coverage including Dow Jones and Bloomberg. A graduate of the University of Arizona with a B.S. in Finance and continuing studies at NYU Graduate Business School, Seth has also been a member of the Market Technicians Association (MTA) since 1990.

Disclaimer: Pilobolus Equity Research obtains information from sources deemed to be reliable; however, Pilobolus Equity Research does not guarantee the accuracy of any of the information or commentary provided. Pilobolus Equity Research makes no warranties, expressed or implied, as to the fitness of the information for any purpose, or to results obtained by individuals using the information. In no event shall Pilobolus Equity Research be liable for direct, indirect, or incidental damages resulting from the use of the information. Pilobolus Equity Research shall be indemnified and held harmless from any actions, claims, proceedings, or liabilities with respect to the information and its use.

Pilobolus Equity Research

Wednesday, January 3, 2007

Short: Intercontinental Hotels ADS: (IHG 24.38) Momentum has peaked out and falling

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