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Intercept Pharmaceuticals Finds Resistance

By Insider Scoop
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Courtesy of Benzinga.

Intercept Pharmaceuticals Inc (NASDAQ: ICPT) shares are trading higher by $19.03 (13 percent) at $149.70 in Tuesday’s session. There is no relevant news to account for the rally and just may be a technical rebound from its plunge since last Thursday, when it ended the session at $154.26.

The issue bottomed in Monday’s session at $130.04 and ended the day just above that at $130.57. After a higher open, it retreated to $134 before continuing its rally.

The ensuing rally found sellers just ahead of last Thursday’s close ($154.26) and just below the high that same day ($154.59), when it peaked at $154.31. Since making that high, it has fallen back under $150.

Posted-In: Technicals Intraday Update Movers Trading Ideas

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