My iPod 5 was recently stolen and I have downloaded the "Find My iPhone" app and I logged into my iTunes account to track all the devices using it. It says my iPod 5 is currently offline and will notify me once it connects to the internet. I've also set it on lost mode so when it connects it will change my passcode. If someone has logged out if my iTunes and into their own, will it still track it as mine? Or will it just not show the device on the app at all? Because I don't want to have this app for nothing if it isn't tracking my stolen iPod.
If someone logs you out of your primary iCloud account (the one used for Find My iPhone) on the device, you will no longer be able to track it.
Note that removing Find My iPhone from a device requires your current iCloud password — you can't remove it without knowing the password to your iCloud account.