International Flavors & Fragrances ( IFF) was upgraded by TheStreet's Quant Ratings service Wednesday. Let's check and see if the charts and the quantitative approach line up.
In this daily bar chart of IFF, below, I see an improving technical picture. Prices have rallied from an October low to cross above the 50-day moving average line and the 200-day moving average line. The slope of the 50-day line is positive but the 200-day line is still negative.
The On-Balance (OBV) line has made a low with price in October, with a second low in December. The Moving Average Convergence Divergence (MACD) oscillator is bullish. 
In this weekly Japanese candlestick chart of IFF, below, I see a "V" bottom. Notice the large hammer pattern in October? Prices have climbed higher to cross above the 40-week moving average line.
The weekly OBV line is trying to bottom in the past three months. The MACD oscillator crossed to the upside in November for a cover shorts buy signal. IFF is still below the zero line and an outright buy signal.
In this daily Point and Figure chart of IFF, below, I see a potential upside price target in the $149 area.
In this weekly Point and Figure chart of IFF, below, I see a price target of only $131 - lower than the daily price target.
Bottom line strategy: Shares of IFF have improved quickly from its October low. A pullback or correction would not be a surprise right now. Traders could look at buying a pullback to the $110 area risking to $100.
