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Gap fill candidate to the long side: Antonio’s Perspective

July 29 2017 - António Costa

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CytRx Corporation (NASDAQ:CYTR) price has formed a big bullish candle on daily time frame with volume 12x above average. The heavy buying makes this an interesting situation and one worth watching on Monday. From a technical standpoint, the stock is starting to show some signs of accumulation with high volume on upside days and low on downside days.

I expect this rally to continue next week which can take prices towards 1/1.10 levels as long as 69c levels are protected on downside. Have this on your watchlist.

For the Social, Analyst and Sentiment perspective on CYTR and other stocks get on Stockal with a lifetime membership at just $99 (yes, that’s $99 forever – including all future developments – think of it like a crowdfunding campaign. This is being offered to only the first 5,000 people). More here. 

This is a guest post by  António Costa, acclaimed trader and the popular author of AC Investor Blog.  All views and analysis belong to the author.

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