Thu, Oct 23, 2014, 5:42 AM EDT - U.S. Markets open in 3 hrs 48 mins

Recent

% | $
Quotes you view appear here for quick access.

Incyte Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • rman707 rman707 Oct 26, 2010 11:18 AM Flag

    Volume

    I know it might be hard to explain briefly enough for his forum but could you give even a little insight as to why you say 17.65 is the crucial price point? Thanks

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Technicals. Prior resistance levels.

      This has been sold and/or shorted a lot since it reached these levels about 2-3 weeks ago.

      It has been holding up better than it did in months and years past, under similar circumstances. That is a good sign, as long as the only news around the corner is positive news.

      Today's action tough to figure, but I believe a fund or funds have been slowly and carefully selling some of the position in the last 1-2 weeks. Not Baker, because they would have to file.

      I expect it will show this kind of action, subject to macro market pressures, until the next November catalyst(s). ACR presentation around November 10th, and/or earnings call/Analyst presentation in early Nov.

      Phase 3 MF top-line results will be only a Dec event, per CEO Friedman.

      Any news on topical 424 is a wild card.

 
INCY
52.47+0.03(+0.06%)Oct 22 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.