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Bearish Moving Average Cross by Intercept Pharma (ICPT)

By James Quinn

Intercept Pharma (NASDAQ:ICPT) crossed under its 10-day moving average of $86.54 on a volume of 240K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Intercept Pharma share prices have been bracketed by a low of $65.63 and a high of $133.74 and are now at $83.17, 27% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Intercept Pharma on April 12th, 2019 by issuing a Downtrend alert when the shares were trading at $98.45. Since that call, shares of Intercept Pharma have fallen 12.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses intercept pharma

Ticker(s): ICPT