Alerts & Commentary
Alert – IDCC Update
IDCC Update – 2/18
Definitely not the action we had hoped for, but we are still looking for the reversal upward, however, if the stock breaks below last Thursday’s low ($31.41) on another high or higher volume day like today, we will be looking for some added protection of our LT position.
Coach BD
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IDCC – 2/17
It appears we may have finally seen the significant test of IDCC‘s 20-Day MA and reversal to the upside that we wanted to see before considering an add-on, or new entry, that we discussed last week.
We held off last week because although the price action met our add-on/entry criteria, the volume was very anemic.
Today we saw some real volume off the bottom to close well into the upper half of the day’s range and near the 20-Day MA. This is the kind of test we like to see. The next couple of days should tell the real story of whether or not the continuing uptrend is still in place. The Weekly trends are also looking very good for a continuance of the uptrend.
Now looking for a big volume confirmation to the upside above today’s high ($32.53), or the recent high ($33.69)… stay tuned for action on this strong performer in a very weak market.
Coach BD
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