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| Gator's Chart of the Day: IDCC |
Intellectual property continues to be in the news and that's what Interdigital Communications Corporation is all about. I can't say that the stock is at a good buy point but if it comes back to the horizontal support line (38ish) that could work. It would be even better if it came back a little more to bounce from the 20/50 day sma confluence.
I probably won't be in this one. I lost my a$$ets on it last year and I am afraid I would treat it as a revenge trade. Those rarely work out well.
