- Stock Charts
Share on Twitter Share on StockTwits

Decision Time: Icon PLC (NASDAQ:ICLR) Stock Momentum Hits Inflection Point

Decision Time: Icon PLC (NASDAQ:ICLR) Stock Momentum Hits Inflection Point Icon PLC momentum rating as of

(ICLR Price of Stock at Publication: $153.42)

Get this same analysis on any ticker here:

Decision Time: Icon PLC (NASDAQ:ICLR) now sits in the perhaps the most difficult momentum position -- the stock has no urgency in its direction and that has left it at an inflection point. Watch the key moving average levels that we discuss below and further, watch the stochastics, technical oscillators and momentum readings for any kind of hint to direction.

The company has a three bull momentum rating which indicates an inflection point. It may seem obvious, but this is the time to put the stock on alert -- a meaningful move in either direction now will likely swing momentum into a channel that could be decidedly up or down.
With the current stock price and the moving averages showing signs of indecision, any consecutive day stock move in either direction will likely push the stock into a bearish or bullish momentum channel that could persist for the short-term. This is a critical inflection point.

ICLR is down -8.8% over the last three months and up +7.7% over the last six months. The stock price is up +10.8% over the last year. The current stock price is $153.42.

ICLR Stock Returns
The momentum rating goes from a rating of one, the weakest upside momentum, to a rating of five, the highest upside momentum. This is strictly focusing on price and momentum -- that means we focus on real-time stock price movement and then position it relative to the simple moving averages. To make the momentum rating meaningful, the moving averages are also compared to each other.

Technicals   |   Support: 115.95   |   Resistance: 177.22   

Death Cross Alert: The 50 day moving average is now below the 200 day moving average.
As we noted above -- the back of the envelope rule here is that when shorter-term moving averages move below the longer-term ones, momentum is weakening. We have that right now.

Swing Death Cross Alert: The short-term 10 day moving average is now below the 50 day moving average.
Recall that when we see the shortest-term moving average (10-day in this case) fall below any other moving average (50-day in this case), it indicates weakening momentum.

Icon PLC has a three bull (inflection point) technical rating because it's trading above its 10- and 50 day simple moving averages, but below its 200- day moving average. The stock is up 1.47% on the day but the 10 day moving average is below the 50 day moving average ("swing death cross").

We now turn to the actual numbers driving this rating:
Icon PLC (NASDAQ:ICLR) rating statistics:
10-day moving average: $126.74
50-day moving average: $153.04
200-day moving average: $155.33

Get this same analysis on any ticker here:

You can be successful trading options, consistently. But it's not about trying to guess which stocks will go up or down or what will happen in an earnings release.

Here is a quick demonstration video of CMLviz Trade Machine Option Back-tester -- you decide.
Promotional: $99 per month offer will end soon.

Promotional subscriptions limited to 500 total users registered before the end of April.

Meet the team: About CML

Don't Get Outgunned The top 1% are keenly aware of the how option strategies perform in the market. If you place trades without knowing how they've performed in the past, then the hedge funds and high frequency trade firms are taking advantage of your gap in knowledge. If you're not simulating your trading ideas, you're being outgunned by high tech trading shops.

Richer, Deeper, Insights Find out how your trading ideas would have worked in the real market, using a wide range of option strategies with unlimited flexibility:
  • Test multiple strategies against years of market data in just seconds
  • Calls, Puts, Straddles, Spreads, and much more
  • Customizable deltas, option rollover timing, commissions

Don't trade in the dark. Get CML TradeMachine now.

Risk Disclosure
Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment.

Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.


Share on Twitter Share on StockTwits