tech
March 11, 2026
A tech patent licensor could be setting up to make another push higher, charts show
InterDigital collects royalties from device makers without making any physical products itself.
TL;DR
- InterDigital is a patent licensing company specializing in wireless and video technologies, generating revenue through royalties.
- The stock is forming a bullish inverse head-and-shoulders pattern with a projected upside target of approximately 20% higher.
- A key support level to watch is $343, the low of the pattern's right shoulder, acting as a natural stop-loss.
- The company has a history of successfully leveraging similar bullish formations, leading to sustained upside follow-through.
- Technical indicators, including the 14-week RSI, suggest there is still meaningful upside runway if a breakout occurs.
- Moving averages have historically acted as support for the stock, followed by pushes above these averages.
Continue reading the original article