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Incyte Corp Bullish Moving Average Crossover Alert (INCY)

By Amy Schwartz

Incyte Corp (NASDAQ:INCY) shares have crossed bullishly above their 10-day moving average of $86.81 on a volume of 466K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Incyte Corp share prices have moved between a 52-week high of $153.15 and a 52-week low of $71.75 and are now trading 22% above that low price at $87.57 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.9%.

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

Keywords: moving crosses incyte corp

Ticker(s): INCY