$CYTR almost makes it TOO easy for a scalper to make profit. Aug 24th the co. receives notice from NASDAQ about being delisted if failing to comply w/ share price above $1.00 and maintaining the minimum bid price rule. Regardless of the choppy trend, the pump & dump pattern combined w/ shareholders toying the price around until potential reverse stock split is/can be a storm set to breakout. Parallel channel breakout around the low $.50 range, target 1 set @ $.89 resistance. Target 2 (for those who like risk) around the next $.98 resistance. Notice green breakouts correlation to green volume, double bottom @ $.51 range w/ 200SMA acting as support. Add the daily chart + stochastic momentum index and sure looks like it's set to sail. Time will tell!
Trade closed: stop reached