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InterDigital Bearish Moving Average Crossover Alert (IDCC)

By Amy Schwartz

Today, shares of InterDigital (NASDAQ:IDCC) have fallen below their 10-day MA of $84.74 on a volume of 130K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, InterDigital share prices have been bracketed by a low of $22.37 and a high of $102.30 and are now at $84.60, 278% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend is tracking the current trend status for InterDigital and will alert subscribers who have IDCC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses interdigital

Ticker(s): IDCC