Trade Ideas for Tomorrow: CMCSA, IDCC, MBI, RMBS

InterDigital, Inc. (NASDAQ:IDCC) made a nice move today on volume and made a 52 week high but could not hold it on the close. I want to watch the stock again tomorrow, because the stock is strong and getting stronger every day it seems. If it can close above $51.03, then expect more upside. The daily chart shows IDCC is on a strong bull market as the stock is trading above 50 day and 200 day moving with both moving average pointing upwards. I think the stock should continue to go up.

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Comcast Corporation (NASDAQ:CMCSA) had another very productive day today as we saw gains of over 1.4% and I believe it has more room to run. The short-term outlook remains positive for the stock. The stock finds an immediate resistance at 23.77 and support at 22.52 followed by 21.78.

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MBIA Inc. (NYSE:MBI) – Sell stop triggered at $13.02 after breaching major horizontal support line. It is possible to see the price drop to the 11.90/11.62 area.

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Rambus Inc. (NASDAQ:RMBS) attempted to push higher today, topped at 21.26 but further bullish momentum was rejected as price whipsawed to the downside, bottomed at 20.78 and closed at 20.87. After peaking at 21.80 area the stock has retraced to test trendline support round about 20.70 – 20.58 area. If the stock can hold above this support zone we could assist to a rebound for a retest of December highs. I feel there are buyers accumulating the stock. Technically speaking, many of Rambus indicators are looking even stronger, so keep watching the stock !

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Disclaimer: This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.
About Antonio Costa 325 Articles

Antonio Costa is a 35 year old part-time trader who trade stocks in the US market.

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