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After Yesterday's Rally of 9.31% Shares Could Potentially Pullback

By David Diaz

Intra-Cellular T (NASDAQ:ITCI) traded in a range yesterday that spanned from a low of $13.54 to a high of $15.29. Yesterday, the shares gained 9.3%, which took the trading range above the 3-day high of $14.81 on volume of 145,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Intra-Cellular T share prices have been bracketed by a low of $7.85 and a high of $45.20 and are now at $14.79, 88% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 2.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Intra-Cellular T on November 14th, 2018 by issuing a Downtrend alert when the shares were trading at $16.36. Since that call, shares of Intra-Cellular T have fallen 17.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders intra-cellular t

Ticker(s): ITCI