INCY
Incyte Corporation Healthcare - Biotechnology Investor Relations →
Incyte Corporation (INCY) closed at $108.39 as of 2026-02-02, trading 52.5% above its 200-week moving average of $71.07. The stock moved further from the line this week, up from 41.1% last week. The 14-week RSI sits at 62, indicating neutral momentum.
Over the past 1635 weeks of data, INCY has crossed below its 200-week moving average 24 times. On average, these episodes lasted 31 weeks. Historically, investors who bought INCY at the start of these episodes saw an average one-year return of +71.5%.
With a market cap of $21.3 billion, INCY is a large-cap stock. The company generates a free cash flow yield of 2.5%. Return on equity stands at 30.4%, indicating strong profitability. The stock trades at 4.6x book value.
The company has been aggressively buying back shares, reducing its share count by 12.5% over the past three years. INCY passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 31.4 years, a hypothetical investment of $100 in INCY would have grown to $5686, compared to $2525 for the S&P 500. That represents an annualized return of 13.7% vs 10.8% for the index — confirming INCY as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -25.5% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: INCY vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After INCY Crosses Below the Line?
Across 24 historical episodes, buying INCY when it crossed below its 200-week moving average produced an average return of +45.9% after 12 months (median -1.0%), compared to +10.9% for the S&P 500 over the same periods. 43% of those episodes were profitable after one year. After 24 months, the average return was +32.7% vs +13.9% for the index.
Each line shows $100 invested at the moment INCY crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
INCY has crossed below its 200-week MA 24 times with an average 1-year return of +71.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 1994 | Nov 1994 | 4 | 20.1% | +192.1% | +5405.5% |
| Aug 1998 | Oct 1998 | 8 | 17.2% | +26.9% | +983.9% |
| Mar 1999 | Jun 1999 | 17 | 33.3% | +879.1% | +762.8% |
| Jul 1999 | Aug 1999 | 6 | 10.1% | +271.0% | +725.8% |
| Sep 1999 | Nov 1999 | 10 | 38.5% | +246.2% | +832.4% |
| Dec 2000 | Jan 2001 | 3 | 14.3% | -11.6% | +351.6% |
| Jan 2001 | Oct 2004 | 194 | 87.8% | -35.5% | +367.5% |
| Nov 2004 | Nov 2004 | 1 | 1.6% | -46.9% | +1030.2% |
| Jan 2005 | Jul 2005 | 26 | 23.0% | -39.4% | +1089.8% |
| Aug 2005 | Sep 2005 | 5 | 7.5% | -42.3% | +1333.7% |
| Sep 2005 | Jan 2007 | 68 | 39.1% | -41.9% | +1395.0% |
| Feb 2007 | Mar 2007 | 3 | 7.2% | +64.3% | +1697.5% |
| Jun 2007 | Sep 2007 | 14 | 28.3% | +36.9% | +1648.2% |
| Sep 2008 | Aug 2009 | 46 | 67.6% | -0.7% | +1520.2% |
| Oct 2009 | Nov 2009 | 2 | 9.3% | +200.9% | +1825.2% |
| Jan 2018 | Nov 2019 | 95 | 38.9% | -3.5% | +26.2% |
| Dec 2019 | Apr 2020 | 17 | 26.2% | -2.0% | +20.3% |
| Aug 2020 | Jan 2021 | 18 | 10.1% | -15.9% | +19.8% |
| Feb 2021 | Mar 2022 | 59 | 19.8% | -20.8% | +28.5% |
| Apr 2022 | Nov 2022 | 32 | 17.5% | -2.6% | +41.5% |
| Dec 2022 | Jan 2023 | 3 | 0.7% | -21.8% | +34.9% |
| Feb 2023 | Oct 2024 | 90 | 32.5% | -27.3% | +36.8% |
| Dec 2024 | Jan 2025 | 4 | 1.9% | +39.2% | +58.1% |
| Mar 2025 | Jun 2025 | 14 | 17.3% | N/A | +59.7% |
| Average | 31 | — | +71.5% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02