Trade Ideas: IDCC, JNPR, ZAGG, ZLCS

InterDigital, Inc. (NASDAQ:IDCC) shares jumped 13.84% to $71.86 per share on a report that Samsung could jump into the bidding war for control of the company. Apple and Google are also potential bidders for the company. InterDigital has just a market cap of about $3.27 billion, and according to Bloomberg an acquisition could net more than $5 billion. From a technical perspective, the stock broke a bull flag higher today on heavy volume. IDCC has the opportunity to start new rally as %K line is back above %D line. The stock remained above its 20, 50 and 200 daily moving averages. The daily RSI rose above the 60 level and the MACD continues to remain above the zero level. Resistance levels are 75 / 82.5 and support levels are 63.18 / 58.67.

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Juniper Networks, Inc. (NYSE:JNPR) – Technically, I think the stock is bottoming out here and will run back to $25 bucks or so. Use a strict stop-loss of $22.40 on closing basis.

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After posting steeper losses yesterday morning, Zalicus, Inc. (NASDAQ:ZLCS) closed down just one percent on significant volume. If the stock breaks out of this trading range to upside, a buy order should be placed.

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Zagg Inc (NASDAQ:ZAGG) is close to breaking to all time highs and could have quite a rally if it clears the $17 area.

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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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