The stock touched a high of 37.98 and is correcting from there. The fall has been on decreased volumes, which indicates that the correction is unlikely to continue next week. The 50-day sma has flattened a bit but remains well above the rising 200-day sma. Chaikin Money Flow is positive and getting better. So, there is no immediate threat to the stock. If the stock price sustains above 50-day moving average can give an up move towards 38.
InterDigital, Inc.(NASDAQ:IDCC)
Started by
Costa
, Oct 14 2012 04:23 AM
No replies to this topic
#1
Posted 14 October 2012 - 04:23 AM
Costa
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