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Forum - Wall Street Pit (InterDigital Communications Corporation - IDCC)    Stock Due Diligence for All

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From: acinvestorblog (Rep: 668)Date: 12/01/2012 03:52
Forum: Wall Street Pit - Msg #2335437 - List IDCC msgs Thread #673480575 (Rec: 7)
I've been bringing InterDigital, Inc.(NASDAQ:IDCC) to my readers the last few months and the stock is again on the verge of a possible breakout. For the coming week, watchout for a possible breakout over $43.09 which is the previous high. Based on a technical perspective the stock shows very strong bullish sign. First of all, the stock is trading above 20/50-day and 200-day moving average with all major moving averages pointing upwards. Then the daily MACD indicator is back above signal line also indicating a buy. In addition, KD line still show the stock is on the positive swing. The short interest remains high at over 13 percent and shorts will need more than 9 days to cover. So, if it breaks above the 43.09 level then a squeeze definitely will happen. I'll be watching the stock again on Monday for a possible Breakout.





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