Intellicheck Mobilisa, Inc. (AMEX:IDN) Just Took the First Hit

The weight of the recent Intellicheck Mobilisa, Inc. (AMEX: IDN) has finally proven to be too much for the stock. After holding the line around $3.90 for a week and a half, the floor cracked with today’s low of $3.55. This is a likely omen that IDN is kicking-off a pullback.

The size of the runup (more than 200%) is a big liability in itself, but the gap Intellicheck Mobilisa, Inc. left in the process is aching to be filled. The final nail in the coffin will be a higher-volume selling day… the one thing we haven’t seen yet since peaking.