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Incyte Bullish Moving Average Crossover Alert (INCY)

By Nick Russo

Incyte (NASDAQ:INCY) shares have crossed bullishly above their 10-day moving average of $72.10 on a volume of 215K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Incyte share prices have moved between a 52-week high of $133.62 and a 52-week low of $11.76 and are now trading 516% above that low price at $72.50 per share. The 200-day and 50-day moving averages have moved 0.92% lower and 0.2% lower over the past week, respectively.

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

Keywords: moving crosses Incyte

Ticker(s): INCY