Nov. 20 at 8:47 AM
$CYTK is currently trading at
$66.44, showing a strong upward momentum as indicated by its RSI of 68.09, suggesting it is nearing overbought territory. The price is above both the 30-day moving average (MA30) of 60.86 and the 50-day moving average (MA50) of 57.04, reinforcing a bullish trend. The recent 60-day high of 67.07 offers a resistance level, while the low of 35.22 indicates significant volatility.
Directional bias is bullish, but caution is warranted due to the high RSI. Suggested entry is at
$66.00, slightly below the last close to confirm strength. A stop loss can be placed at
$63.72, just below the MA30, to manage risk.
Targets are set at
$68.00 (near the 60D high) and
$70.00, allowing for potential profit-taking while monitoring for signs of reversal as the RSI approaches overbought levels.
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