Over the last month, rumors have been swirling that Google, Qualcomm and several others are looking to purchase Interdigital, a company with many important patents in the cell phone industry. Here is the chart:
This is what is known as a High Tight Flag pattern, one that can be extremely bullish...if the stock breaks out of it to the upside. As I write this, IDCC is up 2.64 to 68.80
Keep an eye on this one.
Friday, August 26, 2011
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