ICON (NASDAQ:ICLR) is one of today's biggest movers, down 2.1% to $28.53. The S&P is trading higher by 0.4% to 1,506 and the Dow is trading 0.4% higher to 13,942.
ICON has overhead space with shares priced $28.53, or 7.0% below the average consensus analyst price target of $30.67. The stock should find initial support at its 50-day moving average (MA) of $28.09 and further support at its 200-day MA of $24.42.
ICON share prices have moved between a 52-week high of $29.65 and a 52-week low of $15.03 and are now trading 90% above that low price at $28.53 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.4%.
ICON PLC provides contract clinical research services to the global pharmaceutical industry. The Company manages clinical studies in addition to providing data management, regulatory, and central laboratory services. ICON currently operates offices in eight countries.