INCYTE CORPORATION

NASDAQ

INCY

Incyte Corp. has overlapping white candles on a strong move out of a short-term bottom. The overlaps are caused by pre-market open selling that gaps the stock down. The run up shows strength within the buy side.

INCY

The prices are making a pullback on the 200 daily SMA. The IN area in my opinion is the green box with tight stop loss due the RSI value. From the green box LONG until the prices will be on the 200 daily SMA

INCY

INCY

Despite the 30MM has negative slope, we see a 6 months support (not counting this week). If the price break the resistant, buy!

double bottom bullish divergence.. island reversal somewhere to the end of the year? need to open once above $80 without touching the gap between. 1W RSI was approx in 2008 as low as in May at the current year.

Recapping the SMA's is a good sign. INCY has been consolidating since April and is has been trading in a healthy range.

$INCY - consolidating after breaking the downtrend. It is going nicely through support and resistance consolidating. When it will break higher, probably will first try to recapture the 200 SMA

INCY is hitting upper resistance of a falling long-term trendline

H&S forming and all other trends and indicators are supporting the price levels.

BTO INCY Aug 17th -- 67.50 puts @2.30 (approx)

:D

incy

incy

incy

incy

Hey guys, I've been posting a lot of Bullish ideas recently, however due to the market instability, negative fundamentals, and recent failure to move past a key resistance point for the Indices, I've decided to post a short idea I know I could very possibly use myself if the market proves to be bearish. This stock, INCY, is ridiculously horrible. It's truthfully...