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Los Angelas, CA -- (SBWIRE) -- 11/02/2012 -- Incyte Corporatio (NasdaqNM:INCY) is +1.65 - +10.34% from the previous close of $15.96. It traded between $15.90 - 17.65 with total traded volume of 2933573 shares. At Current Market Price, INCY is in distance of -0.94% from its 50-day Moving Average price of $17.7767 and -15.10% from its 200-day Moving Average price of $20.7412. Shares of biotechnology firm Incyte (Nasdaq: INCY ) jumped as much as 11% today, following the release of better-than-expected third-quarter earnings results. The big news here wasn't so much the earnings report -- which did provide a $0.03 EPS beat and revenue growth of 260.5% over the previous year, thanks to a $43.7 million in recognized Jakafi revenue -- as it was the company's updated guidance for Jakafi sales. Incyte upped the low-end of its sales forecast for Jakafi, which is being marketed with Novartis (NYSE: NVS ) to treat moderate and high-risk myelofibrosis, to a range of $130 million-$135 million from a previous forecast of $120 million-$135 million.
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Golar LNG Limited (NasdaqNM:GLNG) are trading at $42.80 and is +9.43% from its 50-day Moving Average price of $39.11 and +15.06% from its 200-day Moving Average price of $37.1964. The average trading volume is 611703 shares and its market capitalization is $3.438B. Golar LNG Ltd. (GLNG) had a nice day on Thursday. A consolidation took place after it snapped out of the down trend from Jan to June. It broke out in July, ran up to resistance, and then consolidated for a couple-three months here. On Thursday, it spiked up 3.90 to 42.80, or 10%, on 1.9 million shares. If it gets through resistance, the short-term target is 45, but the secondary target, and the more important target, is up around 47.
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Shareholders of BlackBerry maker Research In Motion (Nasdaq:RIMM) are relishing in a rare up day, rising as much as 12%, following news that telecom companies have begun testing its new BlackBerry devices. Following two lengthy delays, the simple fact that the 50 telecommunication companies are now testing the BlackBerry 10 is a good sign to investors that the smartphone is on track for a first-quarter 2013 launch. However, Jefferies analyst Peter Misek is far from impressed with what he referred to as RIM's "lab trials," which could take upwards or three to six months to complete. The BlackBerry smartphone, running on its new BB 10 operating system had better be well worth the wait, otherwise it's going to be the end of the line for RIM. Apple's (Nasdaq: AAPL) iPhone 5 and the Samsung Galaxy S series have become staples of the smartphone market with Nokia's (NYSE: NOK ) Lumia and the BlackBerry bringing up the caboose. With all metrics sloping downhill for RIM, I can't get too excited about the prospects for the BB 10 until I see tangible results.
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Visteon Corporati (NYSE:VC) are trading at $48.15 and is +6.90% from its 50-day Moving Average price of $45.0439 and +16.58% from its 200-day Moving Average price of $41.3025. The average trading volume is 875634 shares and its market capitalization is $2.566B. Shares of automotive supplier Visteon Corp. (NYSE: VC) shot up 9% today, on news that it would be implementing cost-cutting measures in an attempt to reinvigorate profits. It was an ugly quarter for Visteon. Revenue fell 15%, to $1.62 billion, slightly below estimates, while adjusted profits per share were down 53% to $0.37, well below analyst projections of $0.48. Sales were affected in part by negative currency translation rates, but the company did slightly raise its revenue outlook, to $6.8 billion. It also plans to sell its climate control business, and divest its interiors unit and its stake with a Chinese automotive company.
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