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Intercept Pharma Crosses Above its 10-day MA (ICPT)

By James Quinn

Today, shares of Intercept Pharma (NASDAQ:ICPT) have advanced above their 10-day MA of $88.67 on a volume of 172K 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.

Over the past year, Intercept Pharma has traded in a range of $65.63 to $133.74 and is now at $91.05, 39% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.7%.

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 10.4%. 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