Friday, November 12, 2010

IDCC Watch

A major bull signal on InterDigital Inc. (IDCC) has ghosted away, bringing the major signal vote to one bearish, two bullish. If you believe technical signals are a democracy, of course.

Person's Proprietary Signal (pps) disappeared intra-day after showing Thursday morning. The parabolic sar (psar) alone remains in bear phase. The macd has remained bullish throughout.

None of the signals has been confirmed by on-balance volume, which has been moving sideways since late October.

In my write-up Thursday on the now-ghosted signal, I referred to the lack of confirmation and wrote, "I won't take a bear position on this stock. The financials are just too good."

Ghosting is normal behavior for the pps, which is why I tend to want confirmation from another signaler before acting.

Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

  • h-a trend - Heikin-Ashi trend.
  • obv - On-Balance Volume.
  • pps - Person's Proprietary Signal.
  • psar - Parabolic Stop and Reverse
  • ma20 - 20-day moving average
  • ma50 - 50-day moving average
  • ma200 - 200-day moving average
  • macd - Moving Average Convergence-Divergence

About the glance: The colors indicate the state of each signal.
  • Signal Section:
    • pps, psar, macd: green for bull mode, red for bear.
  • Confirmation Section:
    • obv: green for uptrending, red for downtrending.
    • h-a trend: green for uptrending, red for downtrending.
  • Environment Section:
    • ma20, ma50, ma200: green for above the average, red for below the average.

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