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Intercept Pharmaceuticals, Inc. Message Board

  • b.coogan@att.net b.coogan Mar 25, 2014 8:29 AM Flag

    Chart clearly indicates bias for Nasty decline by as much ar $ 220 area

    Chart clearly indicates bias for Nasty decline by as much ar $ 220 area----why buy????

    Sentiment: Strong Sell

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    • Very nasty! Only idiots would pay over $100 for ICPT.

      • 1 Reply to coolfred1999
      • You clearly have no clue about reading a chart. For the next shoe to drop, you need HEAVY VOLUME. We had that yesterday and you need a follow through of 2.5 volumes which is about 2 million shares. The stock is on pace to be around 400,000 to 500,000 shares. This means you have some sellers and short covering. No competent chartist would have make a point the "Charts" clearly show blah blah blah......what the chart clearly shows is us standing at the 50 day moving average and if it breaks, it could start another round of sellers who bought in early and are now selling their winners to pay for their losers. The rational person will just hold on from here unless it breaks another technical barrier. If they own the stock, they should have bought a PUT or two to protect their shares but I don't see another round of big selling.

        Sentiment: Buy

 
ICPT
139.13-8.21(-5.57%)May 4 4:00 PMEDT