user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 477727 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Stock Investors Sell Off Shares of Incyte, Down 2.9%

Published on Fri, 04/12/2013 - 12:19
By Peter Chu

Incyte (NASDAQ:INCY) is a company whose shares are active, trading 2.9% lower to $21.82. The S&P is currently trading 0.5% lower to 1,585 and the Dow Jones Industrial Average is trading 0.2% lower to 14,831.

Incyte Corporation is using its expertise in genomics and medicinal chemistry, as well as molecular, cellular, and in vivo biology to discover and develop novel therapeutics. The Company has drug discovery programs underway focused on the identification of new small molecule drugs for cancer and inflammation.

Incyte share prices have moved between a 52-week high of $26.30 and a 52-week low of $11.76 and are now trading 86% above that low price at $21.82 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

There is potential upside of 15.7% for shares of Incyte based on a current price of $21.82 and an average consensus analyst price target of $25.25. Incyte shares have support at the 50-day moving average (MA) of $21.51 and additional support at the 200-day MA of $19.75.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

WR Berkley Looks to Continue to Trade Ab...

Shares of WR Berkley (NYSE:WRB) traded at a new 52-week high today of $47.66. Approxim ...

Shares of Western Refining Have Risen Ab...

Shares of Western Refining (NYSE:WNR) traded today at $47.61, breaking its 52-week high ...

UDR: The Winning Streak Continues (UDR)...

Shares of UDR (NYSE:UDR) traded today at $29.97, breaking its 52-week high. This new h ...

Tesoro Looks to Continue to Trade Above ...

Tesoro (NYSE:TSO) traded at a new 52-week high today of $64.47. So far today approxima ...

Shares of Sierra Wireless Have Risen Abo...

Shares of Sierra Wireless (NASDAQ:SWIR) traded at a new 52-week high today of $27.10. ...

Recent 52-Week High Exceeded in Shares o...

Shares of Sensata Technologies (NYSE:ST) traded today at $49.80, breaking its 52-week h ...

Synchronoss Technologies: The Winning St...

Shares of Synchronoss Technologies (NASDAQ:SNCR) traded at a new 52-week high today of ...

Sigma-Aldrich: 52-Week High Recently Ecl...

Sigma-Aldrich (NASDAQ:SIAL) traded at a new 52-week high today of $104.32. This new hi ...