Trade-Ideas LLC identified




) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Incyte as such a stock due to the following factors:

  • INCY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $204.8 million.
  • INCY has traded 439,138 shares today.
  • INCY is trading at 5.43 times the normal volume for the stock at this time of day.
  • INCY is trading at a new high 11.21% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on INCY:

Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary therapeutics primarily for oncology. INCY has a PE ratio of 1057. Currently there are 11 analysts that rate Incyte a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Incyte has been 1.3 million shares per day over the past 30 days. Incyte has a market cap of $19.2 billion and is part of the health care sector and drugs industry. The stock has a beta of -0.13 and a short float of 2.8% with 2.07 days to cover. Shares are up 36.2% year-to-date as of the close of trading on Tuesday.

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TheStreet Quant Ratings

rates Incyte as a


. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including poor profit margins and generally higher debt management risk.

Highlights from the ratings report include:

  • When compared to other companies in the Biotechnology industry and the overall market, INCYTE CORP's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
  • INCY's very impressive revenue growth greatly exceeded the industry average of 8.9%. Since the same quarter one year prior, revenues leaped by 63.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • INCYTE CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, INCYTE CORP continued to lose money by earning -$0.32 versus -$0.54 in the prior year. This year, the market expects an improvement in earnings (-$0.18 versus -$0.32).
  • The debt-to-equity ratio is very high at 11.96 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Despite the company's weak debt-to-equity ratio, the company has managed to keep a very strong quick ratio of 3.65, which shows the ability to cover short-term cash needs.
  • The gross profit margin for INCYTE CORP is currently extremely low, coming in at 2.38%. Despite the low profit margin, it has increased significantly from the same period last year. Despite the mixed results of the gross profit margin, INCY's net profit margin of 5.70% is significantly lower than the industry average.

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