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Incyte Corporation Message Board

  • songciti songciti Aug 22, 2013 10:43 AM Flag

    Look for $40 to $44 Short term.......................

    Incyte INCY -4.62% Corporation (INCY), on positive drug news, had an explosive, significant day on Wednesday, up 9.04, or 33 1/2%, to 36.04 on 18 million shares. That may be the best volume this stock has ever seen. Looking at the weekly chart, it is right at the top of the long-term, up-channel going back to 2010. There may be some resistance in this zone, but when there’s a breakaway gap like on Wednesday after a recent coil, pop, and flag, that is an indication that this stock could begin to trend higher. Look for something in the mid-40’s on a swing trade potentially, but let’s start off with a target of 40, and then 44.

105.58+1.13(+1.08%)Jul 2 4:00 PMEDT