Unexpected Price Movement Encountered In Shares Of (NASDAQ: IDCC)

NASDAQ (NASDAQ: IDCC): fell by 16.91% or $-7.55/share to $37.10. In the past year, the shares have traded as low as $22.66 and as high as $48.68. On average, 301173 shares of IDCC exchange hands on a given day and today's volume is recorded at 119030. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $44.57 area where the stock may encounter resistance.