Posted On: 12/08/2013 3:57:46 PM
Post# of 2561
CYTR Daily Chart ~ Upward Trend Intact But Still Needs to Break Above Horizontal Resistance
With a slight gain for the week, CYTR continued its uptrend while being contained by the horizontal resistance line of the previous highs of late October. The stock managed to hit 2.70 and did surpass the MA50, 100, and 200 before retreating for a retest of those moving averages. Monday should prove to be an interesting day after Friday's selloff. With CYTR closing above all three moving averages, I'm looking for new highs this coming week. A close above the 2.70 should allow the stock to run into the 3.00s. Our entries from the 2.10-2.30s should be looking good if I'm correct. The next couple of days will tell. GLTA
With a slight gain for the week, CYTR continued its uptrend while being contained by the horizontal resistance line of the previous highs of late October. The stock managed to hit 2.70 and did surpass the MA50, 100, and 200 before retreating for a retest of those moving averages. Monday should prove to be an interesting day after Friday's selloff. With CYTR closing above all three moving averages, I'm looking for new highs this coming week. A close above the 2.70 should allow the stock to run into the 3.00s. Our entries from the 2.10-2.30s should be looking good if I'm correct. The next couple of days will tell. GLTA
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