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Intellicheck Mobilisa, Inc. (IDN) Just Overtook the 200-Day Moving Average

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From a technical perspective, Intellicheck Mobilisa, Inc. (IDN - Free Report) is looking like an interesting pick, as it just reached a key level of support. IDN recently overtook the 200-day moving average, and this suggests a long-term bullish trend.

The 200-day simple moving average is widely-used by traders and analysts, and helps establish market trends for stocks, commodities, indexes, and other financial instruments over the long term. The indicator moves higher or lower together with longer-term price moves, serving as a support or resistance level.

Shares of IDN have been moving higher over the past four weeks, up 13.5%. Plus, the company is currently a Zacks Rank #1 (Strong Buy) stock, suggesting that IDN could be poised for a continued surge.

Once investors consider IDN's positive earnings estimate revisions, the bullish case only solidifies. No estimate has gone lower in the past two months for the current fiscal year, compared to 1 higher, and the consensus estimate has increased as well.

Investors should think about putting IDN on their watchlist given the ultra-important technical indicator and positive move in earnings estimate revisions.

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