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SmarTrend Watching for Potential Pullback in Shares of Incyte Corp After 2.22% Gain

By David Diaz

Incyte Corp (NASDAQ:INCY) traded in a range yesterday that spanned from a low of $75.01 to a high of $77.73. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $77.16 on volume of 808,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Incyte Corp have traded between a low of $64.40 and a high of $96.79 and are now at $77.38, which is 20% above that low price. The 200-day and 50-day moving averages have moved 0.03% higher and 1.29% lower over the past week, respectively.

Keywords: rebounders incyte corp

Ticker(s): INCY