CYTOKINETICS INC - NASDAQ: $CYTK Grinding Higher
After recapturing its 200 DMA in early Spring (March), shares of CYTOKINETICS INC - NASDAQ;CYTK have been grinding into higher ground as we can observe in the Daily chart above.
Additionally, CYTK continues to trade above all of its important moving averages 20/50/200 DMA's, suggestive of a favorable technical posture.
Furthermore, when extending out to both the Weekly and Monthly time-frames, CYTK remains in relatively good shape, thus, we have a stock that displays encouraging technical's across multiple time-frames.
Moving forward, both investors/traders may want to continue to monitor the action closely, particularly, should CYTK be capable of going topside of the $11.50 figure and perhaps of more importance the $11.95 level, such development would likely trigger its next advance into a primary objective of $13 with a secondary objective in the $16 handle.
Thus, investors/traders may want to put CYTK front-and-center on their radars and pay close attention to the levels mentioned above for additional clues/evidence that CYTK is ready to embark on its next major leg.
Additionally, CYTK continues to trade above all of its important moving averages 20/50/200 DMA's, suggestive of a favorable technical posture.
Furthermore, when extending out to both the Weekly and Monthly time-frames, CYTK remains in relatively good shape, thus, we have a stock that displays encouraging technical's across multiple time-frames.
Moving forward, both investors/traders may want to continue to monitor the action closely, particularly, should CYTK be capable of going topside of the $11.50 figure and perhaps of more importance the $11.95 level, such development would likely trigger its next advance into a primary objective of $13 with a secondary objective in the $16 handle.
Thus, investors/traders may want to put CYTK front-and-center on their radars and pay close attention to the levels mentioned above for additional clues/evidence that CYTK is ready to embark on its next major leg.
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/