Long Position on INCR @ $43.50 on 1/22/2016 (Momentum)

Trading Channel on INCRINC Research Holdings, Inc. (INCR) is a contract research organization.

The firm provides various clinical development services for the biopharmaceutical and medical device industries.

The company offers a range of services focusing on Phase I to Phase IV clinical trials in the areas of central nervous system, oncology, and other complex diseases, such as genetic disorders and infectious diseases.

Its services include clinical trial management services comprising patient recruitment and retention, project management, clinical monitoring, drug safety/pharmacovigilance, medical affairs, quality assurance, regulatory and medical writing, and functional service; and data services consisting of clinical data management, electronic data capture, and biostatistics.

The company’s services also comprise strategic and regulatory services, including strategic development services, regulatory consulting and submissions, clinical operations optimization, and pricing and reimbursement planning; and post-approval services, such as specialized support for patient registries, safety surveillance studies, prospective observational studies, health outcome research, patient reported outcomes, Phase IV effectiveness trials, health economics studies and retrospective chart reviews.

Shares are heading higher in an upward trading channel (shown in blue). The lower boundary of the channel coincides with the stock's 200-day moving average. Higher share prices are expected for this stock.

 

52-Weeks Trading Channel: $22.17 - $51.69

Entry Point: $43.50

Stop Loss: $41.30

Target Price: $47.85

Updates

2/3/2016 3:27:00 PM

INCR closed at $39.00

Position closed on 2/3/2016 at price of $39.00 with a -10.34% loss in 12 days.

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