A Long set up for ICPT, albeit a tad risky...

On this Weekly chart the Down Channel is of some concern for this Stock along with poor growth in net income, and weak growth in its earnings per share along with other negative factors. However a break in the downtrend and the news surrounding this company today and ongoing this week could provide an opportunity to Buy this stock and hold it until the close on Thursday (Day Traders). 1st Resistance is at 174.18 then 194.85 and strong Resistance at 207.49. I will be placing my stop just below the Trendline Support.