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Incyte Crosses Above its 10-day MA (INCY)

By Nick Russo

Incyte (NASDAQ:INCY) crossed over its 10-day moving average of $79.13 on a volume of 206K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Incyte have traded between a low of $11.76 and a high of $133.62 and are now at $79.97, which is 580% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.2%.

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