IDCC is a high-flyer taking a pause to digest its recent surge.
Investors loved the most recent earnings report and drove the stock up 28% in a week. The run happened on good volume with nice follow-through, so I expect to see shares continue to drift higher.
Right now, IDCC has a support shelf near $82. I would be surprised to see it get much lower than that.
A trader could buy here with a 5% stop loss for a low-risk trade.
Investors loved the most recent earnings report and drove the stock up 28% in a week. The run happened on good volume with nice follow-through, so I expect to see shares continue to drift higher.
Right now, IDCC has a support shelf near $82. I would be surprised to see it get much lower than that.
A trader could buy here with a 5% stop loss for a low-risk trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.