Hull Moving Average Level Review for This Stock: Incyte Corporation (NASDAQ:INCY): HMA Hits 74.59782

Scanning the equity markets, it is quite obvious that there are plenty of stocks to choose from. This may make things a bit overwhelming for the beginner investor, but it should also be seen as a great opportunity. Of course, studying up on every single stock may be nearly impossible. Just focusing in on a few different stocks at a time that pique the interest may be the way to start. Investors are often bombarded with stock picking strategies and sure bet winners. Some of the information might end up being correct, but a lot of it may turn out to be nonsense. If investors decide to manage their own money, they may want to make sure that no stone is left unturned. Doing the proper amount of research can work wonders for the health of a portfolio over the course of time. Following a proven market guru may work for some, but it may leave others with many questions that have gone unanswered. What works for one investor may not work for another.

Tracking some one month stock pivot points on shares of Incyte Corporation (NASDAQ:INCY), we note that the Classic Pivot is 69.22373, the Classic resistance 1 is 76.41627, and the Classic support 1 is presently 65.07747. The Fibonacci one month pivot is 69.22373 while the Fibonacci support 1 pivot is 64.89231, and the Fibonacci support 2 is 62.216354. Looking at one month Woodie pivot, we note the level at 70.3153. The Woodie support 1 pivot is 67.2606, and the Woodie resistance 1 pivot is 78.5994.

Traders focusing on technical analysis may be interested in following the Awesome Oscillator level. Currently, the reading is 8.409407. Typically, when the Awesome Oscillator moves above the zero line, this would indicate that the short term momentum is rising quicker than the long term momentum. A cross below the zero line would indicate that short term momentum is dropping faster than the long term momentum.

Traders following shares of Incyte Corporation (NASDAQ:INCY) may have noted that the stock most recently closed at 75.1. Going back a full-year, the stock has seen a change of -22.252121 over that stretch. Taking the focus in to more recent action, shares have seen a move of 10.3732 over the last week. Over the prior month, the stock has moved 14.82727. Over the past three months, the stock has moved 14.687023.

There are multiple moving average indicators that traders may rely on when conducting stock research. One of the most popular is the Simple Moving Average. The SMA is unweighted, meaning that each period in the set of data is weighted equally. Looking at some SMA levels, we can see that the 10 day is 74.1445, the 20 day is 69.0528, and the 30 day is 66.33902. Tracking some other time periods, we note that the 50 day SMA is 66.10792 , the 100 day is 65.88966 , and the 200 day SMA is currently 66.803505.

Tracking the Hull Moving Average, we note that the current level is 74.59782. The Hull Moving Average was introduced by Alan Hull. Swing traders often use this indicator in combination with other signals in order to help identify possible entry and exit spots.

Expanding the technical focus for Incyte Corporation (NASDAQ:INCY), we see that the Keltner Channels 20 day upper band is 72.46232, and the 20 day lower band is68.43592. The Keltner Channels indicator is similar to Bollinger Bands and Moving Average Envelopes.

Investors might be taking a closer look into the crystal ball to try and decipher what is in store for the second half of the year in the stock market. While cautious optimism may be the prevailing sentiment, many investors will be looking to take the portfolio to the next level. With markets still riding high, the big question is whether the momentum will push stocks higher or if the bears start to take over. There may still be a few undervalued stocks with much more upside potential ready to make big moves. Finding these stocks may involve doing a little more homework. Investors may be looking to take advantage of any little sell-off that might provide some bargain buying opportunities.  

Many traders will look to optimize stock trades by using various technical indicators. The Ichimoku Cloud indicator is highly flexible and is commonly used in conjunction with the RSI to help confirm momentum and overall trends. Let’s focus on a few different Ichimoku readings for Incyte Corporation (NASDAQ:INCY):

Ichimoku Cloud Base Line: 66.9225
Ichimoku Cloud Conversion Line: 74.3675
Ichimoku Lead 1: 64.27125
Ichimoku Lead 2: 64.78

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with's FREE daily email newsletter.