Looking at IDCC's chart, it is on a tear. And with good reason. However, whenever there is a very strong uptrend, at some point, barring strong supporting news and fundamentals, the price will make a correction. If the DOW does continue to fall, technically, IDCC could be ready to correct somewhat. Clay, the guy that has posted some great technical charts, has shown what a awesome uptrend IDCC has been in. Below is a 1 year chart that, depending on how you connect the points in the uptrend, it either shows IDCC is in a nice uptrending channel or is reaching to top of an ascending triangle. Ascending triangle generally favor a reversal if the price falls below the bottom line of the formation. If it does not, the uptrend channel would be favored to continue. If it does fall below and reverses, I would look for te stock to find support in the 25.50 range where a support line is roughly coinciding with the 20 EMA or, if not there because of a downdraft from the rest of the market, the 23.22 range that is again somewhat coinciding with the 50 MA.
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