Downgrade Alert for InterDigital (IDCC)

Dec 07, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- InterDigital (NASDAQ:IDCC) was downgraded from Overweight to Equal Weight at Stephens today. The stock closed yesterday at $44.70 on volume of 504,000 shares, below average daily volume of 830,000. InterDigital share prices have moved between a 52-week high of $82.50 and a 52-week low of $22.37 and closed yesterday at 100% above that low price at $44.70 per share. The 200-day and 50-day moving averages have moved 0.25% higher and 1.29% higher over the past week, respectively.

InterDigital (NASDAQ:IDCC) is currently priced 10.0% above its average consensus analyst price target of $40.25. InterDigital shares have support at the 50-day moving average (MA) of $38.07 and additional support at the 200-day MA of $32.85.

InterDigital, Inc. develops technology for advanced digital wireless telecommunications applications. The Company offers both time division multiple access and wide band code division multiple access proprietary and standards compliant digital wireless technology to customers, licensees, and companies.

SmarTrend recommended that subscribers consider buying shares of InterDigital on June 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.13. Since that recommendation, shares of InterDigital have risen 58.9%. We continue to monitor IDCC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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