ICPT MA MACD Histogram just turned positiveThis is a Bullish indicator signaling ICPT's price could rise from here. Traders may explore going long the stock or buying call options. I identified 43 similar cases where ICPT's MACD histogram became positive, and 35 of them led to successful outcomes. Odds of Success: 81%.
ICPT trade ideas
ICPT short below 74.5! The price has retested previous support level, I'm going to short it below 74.5!
$ICPT - One option on the table (Click the Graph)Anticipated U.S. approval – PDUFA date:
June 26
Not for a suggestion - Just an option.
and if not, follow the Fibo support (50% is the critical, 38% is the first)
Good-luck to all
ICPT potential long.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.
ICPT Call Spread$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
Buy on supportFirst product is selling very well +47% yoy sales growth, NDA for second product expected in Q3 for NASH !
The chance to first to market with a NASH drug is a huge opportunity.
Buy ICPT at this multiple support - 8:1 reward to risk ratioPattern: $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 Management:
Bought at $87
Stop Loss = $84
Profit target 1 = $113
Profit target 2 = $130
Profit target 3 = open
Risking $3 to make at least $26 for PT1. That's over 8:1 ratio for just PT1!
ICPT: You should get excited looking at the potentialFirst off, earning is next week. Beaten down (but not for long) and this has good amount of shorts built up (26% or so).
Looking at MACD (on 3MO t/f) and blows my socks off. It tells me a violant move is coming (also at oversold situation). I am in general bullish on bio tech after recent slam. Will see.
I am playing er.
Long If The Pattern ContinuesHere 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. But for now we wait, anything could happen. Also looking at the chart, we see every single time earnings come out within this pattern, price action goes bull, and very quickly.
Thumbs up if you like my ideas
ICPT (Intercept Pharmaceuticals) a lot of insider buying todayMy opinion is:
Price action will retrace back to $64.00 soon, which would be a great time to BUY again. See chart for more details.
Only one reason why a CLUSTER of insiders would buy that work in a company, that is because they know price will go UP. Just on train with them.
The end is near, one way or the otherWe seem to be at 1) Multiyear support level 2) dawn of breaking the LT trend line. Conclusion: Big $$$ to be made here very soon. I already seen some major players placing option bets.
Major Level To Buy $ICPT Coming Up!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 looking to buy this biotech company.
Take note, I verify what I say and back it up here so you can see my true performance: verifiedinvesting.com
