Making a Play on Goldman Sachs

Intercept Pharmaceuticals (ICPT) has certainly been an entertaining name to watch. The stock skyrocketed from the mid-$70s, almost touching $500 before being cut in half over the next two days of trading.

So now what? With so little price data, this one is hard to predict simply based on the charts. ICPT is one of those names that makes me willing to look at the Fibonacci levels. Looking at the high just before the breakout and the high after the breakout, the levels have mattered. Note the arrows showing they mattered on the close two days ago, the low yesterday and the high today....306 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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