economy

A breakout could be in the cards for this biopharmaceutical play, says Carter Worth

Shares of Incyte are now moving out of a seven-month range.

A breakout could be in the cards for this biopharmaceutical play, says Carter Worth

TL;DR

  • Incyte has been trading sideways since November.
  • The stock has been in a seven-month range.
  • Incyte is now showing signs of moving out of this range.
  • The recommendation is to buy for a move to and above $125.