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Thursday, June 27, 2013

Abnormal Volume Found - (NASDAQ: ICPT)

NASDAQ (NASDAQ: ICPT): fell by 2.49% or $-1.01/share to $39.50. In the past year, the shares have traded as low as $17.96 and as high as $42.67. On average, 34316 shares of ICPT exchange hands on a given day and today's volume is recorded at 116224. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $35.88 area where the stock will likely see buying pressure.