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rossgivens
Jul 12, 2022 1:22 PM

ITCI potential breakout trade Long

Intra-Cellular Therapies Inc.NASDAQ

Description

ITCI is a biotech setting up for a potential breakout at the $60 level. The biotech sector is showing market-leading strength off the lows with many stocks in this group at or making new highs.

Relative strength ranks 97/100 and the company has seen triple-digit sales growth in each of the last four quarters.

Look for a breakout above the $60 mark on above-average volume to to buy on the breakout.
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