Thursday, January 13, 2011

Chart of the Day

Today's Chart of the Day is IDCC. Nice bounce off MA(20) today on impressive volume. The stock has had a very bullish volume pattern during the last three months or so.
Following is a 1 minute chart showing the intraday breakout. The breakout was on very good volume and the stock consolidated rather well after that. It has room to run some more. I had posted about this stock on Twitter when it was around 45.50, so hopefully some of you readers got in!

Take care and good luck!

No comments: