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Incyte Crosses Above its 10-day MA (INCY)

By Shiri Gupta

Incyte (NASDAQ:INCY) crossed over its 10-day moving average of $119.51 on a volume of 381K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Incyte share prices have been bracketed by a low of $11.76 and a high of $153.15 and are now at $119.74, 918% above that low price. 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 recommended that its subscribers protect gains by selling shares of Incyte on March 31st, 2017 by issuing a Downtrend alert when the shares were trading at $135.99. Since that call, shares of Incyte have fallen 13.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Incyte

Ticker(s): INCY