CYTR Daily Chart ~ Day Two in CYTR's Attempt to Ge
Post# of 2559
Posted On: 11/26/2013 11:21:10 PM
CYTR Daily Chart ~ Day Two in CYTR's Attempt to Get Over the MA200, 100 and 50
After a strong move from the 2.10s to Monday's first move into the three MA resistance points, CYTR tried again today closing down .02 for the day. As I've mentioned often in the past, a break above the MA200 typically isn't accomplished on its first attempt. Add to the MA200, the 100 and 50, and it makes for a bit more resistance than just trying to break thru one moving average. As CYTR trades into December and maybe a catalyst or two in the way of news and a conference, maybe we'll see the stock break the 2.52 level before the week is up. The 2.50 and 2.70 are the short term resistance points the stock will have to get thru. After that, the 3.00+ level is next.
After a strong move from the 2.10s to Monday's first move into the three MA resistance points, CYTR tried again today closing down .02 for the day. As I've mentioned often in the past, a break above the MA200 typically isn't accomplished on its first attempt. Add to the MA200, the 100 and 50, and it makes for a bit more resistance than just trying to break thru one moving average. As CYTR trades into December and maybe a catalyst or two in the way of news and a conference, maybe we'll see the stock break the 2.52 level before the week is up. The 2.50 and 2.70 are the short term resistance points the stock will have to get thru. After that, the 3.00+ level is next.
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