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Bearish Moving Average Cross by Intercept Pharma (ICPT)

By Nick Russo

Today, shares of Intercept Pharma (NASDAQ:ICPT) have crossed bearishly below their 10-day moving average of $110.08 on a volume of 247K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Intercept Pharma share prices have moved between a 52-week high of $121.92 and a 52-week low of $51.05 and are now trading 105% above that low price at $104.41 per share. The 200-day and 50-day moving averages have moved 1.06% higher and 2.63% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Intercept Pharma. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Intercept Pharma in search of a potential trend change.

Keywords: moving crosses intercept pharma

Ticker(s): ICPT