CoopsCharting
Long

ICPT - A speculative bet

NASDAQ:ICPT   INTERCEPT PHARMACEUTICALS INC
88 0 0
Don't bet the farm, because this company's success is still hinged on FDA approval. But, if you can tolerate the risk, there will be a fine entry point in the near future. Clearly, we are short term overbought, which can be seen on the RSI . And you may have noticed the momentum has kind of sputtered out over the past couple days. I suggest waiting to buy at the 200 daily moving average or the 50 daily moving average ...the 50 if it falls back quickly, and the 200 if it falls back slowly. I see a nice looking 50/200 "golden cross" in the near future here. Preferably, the RSI will be under 70 for entry. Don't chase! My guess is withing 1 month a good buying opportunity will present itself.
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