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

By James Quinn

Today, shares of Intercept Pharma (NASDAQ:ICPT) have crossed bullishly above their 10-day moving average of $94.23 on a volume of 119K 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 Intercept Pharma have traded between a low of $51.05 and a high of $135.59 and are now at $95.65, which is 87% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has risen 0.8%.

SmarTrend is tracking the current trend status for Intercept Pharma and will alert subscribers who have ICPT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses intercept pharma

Ticker(s): ICPT