Traders should now look for long-biased trades in ICPT as long as it's trending above some key near-term support at $43 and then once it sustains a move or close above its all-time high at $45 with volume that's near or above 75,759 shares. If that breakout triggers soon, then ICPT will set up to enter new all-time high territory, which is bullish technical price action. Some possible upside targets off that breakout are $50 to $65, or even $60.
To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Delafield, Wis.
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