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Watch for Intercept Pharma to Potentially Pullback After Gaining 2.07% Yesterday

By Nick Russo

Intercept Pharma (NASDAQ:ICPT) traded in a range yesterday that spanned from a low of $117.04 to a high of $124.40. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $118.34 on volume of 265,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Intercept Pharma has traded in a range of $51.05 to $124.40 and is now at $120.17, 135% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.4% while the 200-day MA has risen 1.4%.

SmarTrend recommended that subscribers consider buying shares of Intercept Pharma on August 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $97.15. Since that recommendation, shares of Intercept Pharma have risen 21.5%. We continue to monitor ICPT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders intercept pharma

Ticker(s): ICPT