InterDigital Inc (IDCC)

[ziploc_1]

Why Idcc failed to go to 18 yesterday:

On 7-22 Idcc closed at 17.71 and then meandered around the 17's and 18's before heading back down to the 14's. Many longs who did not sell during the period of the gap down and right afterwards probably felt frustrated and made the decision to sell when the stock returned to the high 17's. Idcc did return and held there at decent volume for about 4 hours on friday right up to the close. Many of those who intended to sell, probably did so at that time. Now we can move ahead if the general market does well or if we have some positive news. (note: I can't compete with gejim as a technician but I anticipated this one happening.)