a bottom. I am not a technical trader... anyone? Quite a close today......great volume...
Sentiment: Strong Buy
I liked the close as well, however we were still below 3m average volume. Also, we are right around the 50 day SMA and EMA, so if we can take those out, then things start looking up
I believe we took them out today at least according the the Yahoo chart..
the last 2 times incyte tested the 200 dma it plummeted to new lows, yes 50ema and sma are important, though the real test is the 200