CytRx Upward Momentum Looks to Continue (CYTR)
SmarTrend identified an Uptrend for CytRx (NASDAQ: CYTR) on November 20, 2009 at $1.03. In approximately 4 months, CytRx has returned 20.4% as of today's recent price of $1.24.
CytRx is currently above its 50-day moving average of $1.22 and above its 200-day moving average of $1.05. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of CytRx shares.
Write to Chip Brian at cbrian@tradethetrend.com
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