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SmarTrend Watching for Potential Pullback in Shares of Cytokinetics Inc After 1.25% Gain

By James Quinn

Cytokinetics Inc (NASDAQ:CYTK) traded in a range yesterday that spanned from a low of $15.20 to a high of $15.78. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $15.48 on volume of 240,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Cytokinetics Inc and will alert subscribers who have CYTK in their portfolio or watchlist when shares have changed trend direction.

Cytokinetics Inc share prices have moved between a 52-week high of $15.78 and a 52-week low of $5.75 and are now trading 172% above that low price at $15.62 per share. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 2.9%.

Keywords: rebounders cytokinetics inc

Ticker(s): CYTK