When (CYTK) Moves Investors should Listen
April 10, 2024, 18:22 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CYTK
- Buy CYTK slightly over 70.58 target 90.57 stop loss @ 70.38 Details
The technical summary data tells us to buy CYTK near 70.58 with an upside target of 90.57. This data also tells us to set a stop loss @ 70.38 to protect against excessive loss in case the stock begins to move against the trade. 70.58 is the first level of support below 74.36 , and by rule, any test of support is a buy signal. In this case, support 70.58 is being tested, a buy signal would exist.
- Short CYTK slightly under 90.57, target 70.58, stop loss @ 90.83 Details
The technical summary data is suggesting a short of CYTK as it gets near 90.57 with a downside target of 70.58. We should have a stop loss in place at 90.83though. 90.57 is the first level of resistance above 74.36, and by rule, any test of resistance is a short signal. In this case, if resistance 90.57 is being tested, a short signal would exist.
Swing Trading Plans for CYTK
- Buy CYTK slightly over 75.5, target 90.57, Stop Loss @ 75.28 Details
If 75.5 begins to break higher, the technical summary data tells us to buy CYTK just slightly over 75.5, with an upside target of 90.57. The data also tells us to set a stop loss @ 75.28 in case the stock turns against the trade. 75.5 is the first level of resistance above 74.36, and by rule, any break above resistance is a buy signal. In this case, 75.5, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CYTK slightly near 75.5, target 72.73, Stop Loss @ 75.72. Details
The technical summary data is suggesting a short of CYTK if it tests 75.5 with a downside target of 72.73. We should have a stop loss in place at 75.72 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 75.5, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for CYTK
- Buy CYTK slightly over 74.51, target 75.5, Stop Loss @ 74.34 Details
If 74.51 begins to break higher, the technical summary data tells us to buy CYTK just slightly over 74.51, with an upside target of 75.5. The data also tells us to set a stop loss @ 74.34 in case the stock turns against the trade. 74.51 is the first level of resistance above 74.36, and by rule, any break above resistance is a buy signal. In this case, 74.51, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CYTK slightly near 74.51, target 72.73, Stop Loss @ 74.68. Details
The technical summary data is suggesting a short of CYTK if it tests 74.51 with a downside target of 72.73. We should have a stop loss in place at 74.68 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 74.51, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Cytokinetics Incorporated (CYTK) available here: CYTK.
CYTK Ratings for April 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
52.95 |
| P2 |
74.51 |
72.73 |
70.58 |
| P3 |
76.62 |
75.5 |
90.57 |
AI Generated Signals for CYTK
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Cytokinetics Incorporated (NASDAQ: CYTK) report below is a real world example. Included are trading plans for CYTK, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CYTK:
pool ads
