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Actionable news in IEP: Icahn Enterprises L.P.,

Here's Why Shares of Carl Icahn's Company Are About to Stage a Huge Rally

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It's been a tough two years since shares of Icahn Enterprises (IEP - Get Report) peaked near $130, in December 2013. Icahn Enterprises shares are 50% below their 2013 extremes, and the monthly chart below shows that the worst is not quite over. The stock will stage a huge rally before too long, however.

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Because Icahn Enterprises is a diversified holding company, it is impossible to successfully analyze its financials and those of its various holdings to determine what problems are responsible for halving the stock's valuation in two years. Otherwise, Carl Icahn and his team already would have done so and earned the salaries shareholders have been paying them. There is an objective way of measuring how well the company has been doing, and when things are likely to improve.

The decision support engine looks only at the technical conditions of a company's actual price chart, and compares them to millions of other charts, going back several hundred years (U.K. stocks are used before to the 1900s), looking for highly correlated "if/then" scenarios. In other words, if this pattern appears, then what is the highest-probability pattern that comes next? Some patterns are far more predictive than others...


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