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TMCNet:  Hot Stock: Cytokinetics, Shares Gain 5.9% (CYTK)

[November 26, 2012]

Hot Stock: Cytokinetics, Shares Gain 5.9% (CYTK)

Nov 26, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Cytokinetics (NASDAQ:CYTK) is one of today's best performing penny stocks, up 5.9% to $0.69 on 1.1x average daily volume. Thus far today, Cytokinetics has traded 431,000 shares, vs. average volume of 408,000 shares per day. The stock has outperformed the Dow (5.9% to the Dow's -0.7%) and outperformed the S&P 500 (5.9% to the S&P's -0.6%) during today's trading.


In the past 52 weeks, Cytokinetics share prices have been bracketed by a low of $0.57 and a high of $1.29 and are now at $0.69, 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.6%.

Cytokinetics (NASDAQ:CYTK) has potential upside of 375.8% based on a current price of $0.69 and analysts' consensus price target of $3.30. Cytokinetics shares should first meet resistance at the 50-day moving average (MA) of $0.78 and find additional resistance at the 200-day MA of $0.90.

Cytokinetics, Incorporated is a biopharmaceutical company that combines life sciences and information technologies to accelerate and enhance the productivity of drug discovery and development. The Company focuses on the novel small molecule drugs that specifically target the cytoskeleton, a complex, dynamic framework that impacts all aspects of cell functions.

SmarTrend recommended that its subscribers protect gains by selling shares of Cytokinetics on October 22nd, 2012 by issuing a Downtrend alert when the shares were trading at $0.69. Since that call, shares of Cytokinetics have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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