Long Position on IDCC @ $89.00 on 1/23/2017 (Momentum)

InterDigital, Inc. (IDCC) designs and develops technologies that enable and enhance wireless communications in the United States and internationally.

It offers technology solutions for use in digital cellular and wireless products and networks, such as 2G, 3G, 4G, and IEEE 802-related products and networks.

The company develops cellular technologies comprising technologies related to CDMA, TDMA, OFDM/OFDMA, and MIMO for use in 2G, 3G, and 4G wireless networks and mobile terminal devices; and other wireless technologies related to Wi-Fi, WLAN, WMAN, and WRAN.

Its patented technologies are used in various products, including mobile devices, such as cellular phones, tablets, notebook computers, and wireless personal digital assistants; wireless infrastructure equipment comprising base stations; and components, dongles, and modules for wireless devices.

The company also provides interoperability and scalability solutions across various vertical markets, networks, and devices through oneMPOWER platform; and common interface to multiple service providers through wot.io data service exchange for connected device platforms. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. The firm is scheduled to report its earnings on February 16th.

52-Weeks Trading Range: $41.01 - $98.00

Entry Point: $89.00

Stop Loss: $84.50

Target Price: $97.90

Updates

2/13/2017 10:40:23 AM

IDCC closed at $100.

Position closed on 2/13/2017 at price of $100.00 with a 12.36% gain in 21 days.

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