Trade Ideas for Tomorrow: ERTS, IDCC, RMBS

InterDigital, Inc. (NASDAQ:IDCC) was very strong on today, as the stock closed up $1.84 on 1.3 x the normal daily volume. This is a good move for IDCC, and could be the start of a breakout move. Resistance is $51.03, which was January’s high. I’m watching the stock for the breakout move and expect it to happen soon. Once the stock breaks through, we should see a heavy increase in buying. Technically, the chart looks Bullish, with the 50 dma on top of 200 dma and MACD on top of 0. In addition, with %K line above %D line we should see the stock continue to go up.

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Electronic Arts Inc. (NASDAQ:ERTS) released better then expected numbers after Tuesday’s close. The stock is blowing up in after hours trading. On the daily chart, the stock is still facing resistance around $16.71. If the resistance is broken, we can expect a target price of $18.09.

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Rambus Inc. (NASDAQ:RMBS) showed some signs of strength, as the stock closed up $.44 on the day. I feel there will be a continuation move on Wednesday, and I’m a buyer once it breaks through Tuesday’s high of $21. From the technical chart below we can see that the stock is on a bull market as the stock is trading above both 50 day and 200 day moving average and the 50 day moving average is on top of 200 day moving average heading upwards. The daily RSI is also showing a sign of reversal, currently trading above its 50% level. From here, the stock might run to $22 according to the way the market is acting now.

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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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