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SmarTrend Watching for Potential Rebound in Shares of Interdigital Inc After 2.62% Loss

By David Diaz

Interdigital Inc (NASDAQ:IDCC) traded in a range yesterday that spanned from a low of $50.92 to a high of $52.62. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $51.02 on volume of 178,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Interdigital Inc has traded in a range of $47.02 to $85.85 and is now at $51.27, 9% above that low. The 200-day and 50-day moving averages have moved 0.61% lower and 1.89% lower over the past week, respectively.

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

Keywords: rebounders interdigital inc

Ticker(s): IDCC