InterDigital Inc (IDCC)

[GoodRAM]

Is the seller done?

Here is the IDCC Price\Volume chart, December 31, 2002 to January 10, 2003, with some hopeful demonstrative additions.



The red lines show a completed by buy loop on moves with increasing volume and price (A hypothetical 15.75 close tomorrow on 750,000 sh. and a 16 close the day following at 800,000 sh.). Notice how the red bullish line penetrates the downtrend to form a classic buy loop. The loop is then confirmed with a move that does not reverse back into the loop. Additionally, the downtrend must be penetrated above the January 8th close (15.46 on 800,000), or the remove one day rule would invalidate the loop.

This IDCC Price Volume Chart is smoothed through the use of 5 day moving averages for the price and volume coordinates for December 24, 2002 through today. The red dot represents today's 5 day moving averages.



Today we were heading for continued bullish clockwise rotation, until the 3:00 p.m. 100,000 and 50,000 block trades. As a result, the trend line continues straight down.

Interestingly, the 5 day MA chart would begin a bearish counterclockwise rotation if we plugged in the coordinates making a buy loop on the regular chart. What we need to continue the bullish rotation on both charts is about two days of decreased volume with an increasing price.

This leads me to the original question. Is the seller done?


Best,
RAM