• Return to Headlines

Look for Shares of Incyte Corp to Potentially Rebound after Yesterday's 4.08% Sell Off

By David Diaz

Incyte Corp (NASDAQ:INCY) traded in a range yesterday that spanned from a low of $65.56 to a high of $68.50. Yesterday, the shares fell 4.1%, which took the trading range below the 3-day low of $67.96 on volume of 461,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Incyte Corp share prices have been bracketed by a low of $58.33 and a high of $153.15 and are now at $66.07, 13% above that low price. The 200-day and 50-day moving averages have moved 0.71% lower and 0.45% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Incyte Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Incyte Corp in search of a potential trend change.

Keywords: rebounders incyte corp

Ticker(s): INCY