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After Yesterday's Decline of 1.22%, Incyte Corp Offers Investors Better Value

By Nick Russo

Incyte Corp (NASDAQ:INCY) traded in a range yesterday that spanned from a low of $68.54 to a high of $70.68. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $69.15 on volume of 576,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Incyte Corp have traded between a low of $60.22 and a high of $153.15 and are now at $70.18, which is 17% 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 advanced 1.0%.

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

Keywords: rebounders incyte corp

Ticker(s): INCY