ICP is still inside falling wedge pattern, the price does not break the wedge pattern yet, we should wait the price break $24, bull confirmation is at $24
Big recent purchase from Director in March. $5m+ at 21.17 and 56% increase. Break above 22.57, Stop signal 19.21. Target 1 27.78., Target 2 Momentum. September $25 call options are $2.25
Short squeeze candidate. 21.5% short float. Watch for a break of 22.09. Stop signal 20.43. First target 24.43. Second target 25.87.
ICPT has been driving down since January. Potential catch here of fib level (purple) watching closely. Let previous day range get taken out before entry.
$2.10 Call Spread Spread width is 5 65/70 Call Spread Max loss is $160 max gain is $2.90 EXP is October 18th
Pattern: $84-$90 support has proven itself a multiple times. Stock is in a medium term consolidation pattern between $85 to $130 range. Edge: Buying so close to or right at support gives us a great reward to risk ratio. If the stock breaks below support, we are stopped out for a small loss, but if support is protected again, we have more higher upside. Risk...
Here we can see that for the past INTERCEPT PHARMACEUTICALS INC has been finding support at around in around $87, which has been confirmed 5 times, and a resistance of about $116-$120, which is a little less defined but just looking at the chart, it is there. Once the pattern proves itself that price action is going bull up to support, that's when I will go long....
Shares of Intercept Pharmaceuticals Inc (NASDAQ:ICPT) are taking a beating today on the back of earnings that did not live up to Wall Street expectations. The stock is trading down over 15% to $100.00. After analyzing the stock closely, I found that there is no solid support until a double bottom at $92.00. Note the stock chart below. This is where I will be...