Today, shares of InterDigital (NASDAQ:IDCC) have crossed bearishly below their 10-day moving average of $56.76 on a volume of 111K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
InterDigital share prices have moved between a 52-week high of $82.50 and a 52-week low of $22.37 and are now trading 152% above that low price at $56.46 per share. The 200-day and 50-day moving averages have moved 0.47% higher and 0.06% lower over the past week, respectively.
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.
There is potential upside of 7.2% for shares of InterDigital based on a current price of $56.46 and an average consensus analyst price target of $60.50. The stock should find resistance at its 50-day moving average (MA) of $57.55, as well as support at its 200-day MA of $52.89.