Penny Stocks On The Move - CYTR
- CytRx Corp. (CYTR): the coverage of the Los Angeles based biopharmaceutical company began on October 25 at $1.31 per share with accumualte rating. Since then the stock has gained almost 60% as today the stock surged 15% to $2.08 per share as the company spins off subsidiary to focus on RNAi technology. The advisory team in the new subsidiary consist of Nobel Prize winner Craig C. Mellow. The technical chart shows the stock is now on bull market rally with 50 day moving average on top over 200 day moving average with MACD above 0 and KD rising. We are very bullish on this stock now and highly recommend everyone to keep buying. [Strong Buy]
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