IDCC is holding the resistance(July 2018, June 2021)-turned-support level. Also 100 EMA. Squeeze Momentum indicator points towards bullish trend. RSI has crossed average from below. Indications of a bullish trend.
IDCC is a high-flyer taking a pause to digest its recent surge.
Investors loved the most recent earnings report and drove the stock up 28% in a week. The run happened on good volume with nice follow-through, so I expect to see shares continue to drift higher.
Right now, IDCC has a support shelf near $82. I would be surprised to see it get much lower than...
IDCC just bounced from its support at $65 and we could see from the chart that probably the price would surge to its resistance at $70 area within 20 trading days.
excellent industry, R&D patents on wireless technology 3G, 4G 5G etc. 50 day moving average just crossed over and price is skipping off the trend line. If some momentum gets behind it a $140 price in a year would be possible otherwise steady growth likely would lead into the $90 range.
Big institutions are buying up IDCC. Look for entry into a long position at $58.09.
Preview tomorrows picks like this for FREE at: www.tradertraininghq.com
Do you know your trading IQ? I call it your TRQ. Learn to trade with uncertainty in the markets and discover what hundreds of other traders have discovered. I've created an online test...its FREE and the...
