TMCnet News
Downgrade Alert for InterDigital (IDCC)Apr 10, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- InterDigital (NASDAQ:IDCC) was downgraded from Outperform to Market Perform at William Blair today. The stock closed yesterday at $44.04 on volume of 268,000 shares, below average daily volume of 384,000. Potential upside of 9.7% exists for InterDigital, based on a current level of $44.04 and analysts' average consensus price target of $48.33. The stock should find resistance at its 50-day moving average (MA) of $45.45, as well as support at its 200-day MA of $38.54. Over the past year, InterDigital has traded in a range of $22.37 to $82.50 and closed yesterday at $44.04, 97% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has remained constant. InterDigital, Inc. develops technology for advanced digital wireless telecommunications applications. The Company offers both time division multiple access and wide band code division multiple access proprietary and standards compliant digital wireless technology to customers, licensees, and companies. 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. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |