When the Price of (CYTK) Talks, People Listen

May 10, 2024, 05:50 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CYTK

• Buy CYTK slightly over 57.41 target 74.29 stop loss @ 57.24 Details

The technical summary data tells us to buy CYTK near 57.41 with an upside target of 74.29. This data also tells us to set a stop loss @ 57.24 to protect against excessive loss in case the stock begins to move against the trade. 57.41 is the first level of support below 64.02 , and by rule, any test of support is a buy signal. In this case, support 57.41 would be being tested, so a buy signal would exist.

• Short CYTK slightly under 74.29, target 57.41, stop loss @ 74.5 Details

The technical summary data is suggesting a short of CYTK as it gets near 74.29 with a downside target of 57.41. We should have a stop loss in place at 74.5though. 74.29 is the first level of resistance above 64.02, and by rule, any test of resistance is a short signal. In this case, if resistance 74.29 is being tested, so a short signal would exist.

Swing Trading Plans for CYTK

• Buy CYTK slightly over 66.2, target 74.29, Stop Loss @ 66.01 Details

If 66.2 begins to break higher, the technical summary data tells us to buy CYTK just slightly over 66.2, with an upside target of 74.29. The data also tells us to set a stop loss @ 66.01 in case the stock turns against the trade. 66.2 is the first level of resistance above 64.02, and by rule, any break above resistance is a buy signal. In this case, 66.2, 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 66.2, target 62.63, Stop Loss @ 66.39. Details

The technical summary data is suggesting a short of CYTK if it tests 66.2 with a downside target of 62.63. We should have a stop loss in place at 66.39 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, 66.2, 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 65.16, target 66.2, Stop Loss @ 65.01 Details

If 65.16 begins to break higher, the technical summary data tells us to buy CYTK just slightly over 65.16, with an upside target of 66.2. The data also tells us to set a stop loss @ 65.01 in case the stock turns against the trade. 65.16 is the first level of resistance above 64.02, and by rule, any break above resistance is a buy signal. In this case, 65.16, 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 65.16, target 63.55, Stop Loss @ 65.31. Details

The technical summary data is suggesting a short of CYTK if it tests 65.16 with a downside target of 63.55. We should have a stop loss in place at 65.31 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, 65.16, 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 May 10:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	57.41
P2	63.55	62.63	74.29
P3	65.16	66.2	93.77

AI Generated Signals for CYTK

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Cytokinetics Incorporated (NASDAQ: CYTK) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for CYTK can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.