Trade Ideas for Tomorrow: IDCC, MMI, MOBI, TKLC

Sky mobi Ltd (NASDAQ:MOBI) – Technically, there is no reason to take exposure in this stock as there is no evidence of the reversal of the ongoing downward move. However, if the support at $8 holds, a rally towards 9-9.48 could be seen. Only a close above $9.48 will confirm the short term low for the stock. For now, it would be better to stay away from this stock. Stop loss for long positions may be placed at $8.03.

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InterDigital, Inc. (NASDAQ:IDCC) – The near-term trend is bearish and the drop below $42 confirmed the weak outlook. $39.66 is a crucial level. Breakdown will result in a greater fall.

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TEKELEC (NASDAQ:TKLC) held the $8.61 support level ( 20-day moving average ) on two attempts to break below it this week. When a support level holds this many times, the stock will often reverse direction and try to move higher. The $8.61 level is now a key support level to watch. Most technical indicators still supporting the upward move. MACD is positive and above the signal line. RSI is also moving up and above its 50% level. So, keep TKLC on your radar!

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Motorola Mobility Holdings Inc (NYSE:MMI) – MMI has rebounded today ! The stock will now have resistance at the $25.43 level. MMI is a buy on dips below $24.

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Other stocks to watch:

Cell Therapeutics, Inc. (NASDAQ:CTICD) had another nice day but continue to trade very thinly. It’s hard to trade CTICD when there isn’t much volume. The stock has support located at $1.98 with resistance at $2.45.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) – I continue to watch Shares of Arena Pharmaceuticals, Inc. I would be a buyer below $1.35 or a break above $1.50. This stock can explode with any news.

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 324 Articles

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

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