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Intra-Cellular T Rises 3.45% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Intra-Cellular T (NASDAQ:ITCI) traded in a range yesterday that spanned from a low of $23.56 to a high of $25.80. Yesterday, the shares gained 3.4%, which took the trading range above the 3-day high of $24.87 on volume of 677,000 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 $24.21, 208% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Intra-Cellular T on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.73. Since that recommendation, shares of Intra-Cellular T have risen 18.9%. We continue to monitor ITCI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders intra-cellular t

Ticker(s): ITCI