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TMCNet:  Hot Stock: Cytokinetics, Shares Gain 9.4% (CYTK)

[June 12, 2013]

Hot Stock: Cytokinetics, Shares Gain 9.4% (CYTK)

Jun 12, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Cytokinetics (NASDAQ:CYTK) is one of today's best performing low-priced stocks, up 9.4% to $1.39 on 3.3x average daily volume. Thus far today, Cytokinetics has traded 3.4 million shares, vs. average volume of 1.0 million shares per day. The stock has outperformed the Dow (9.4% to the Dow's -0.1%) and outperformed the S&P 500 (9.4% to the S&P's -0.1%) during today's trading.

In the past 52 weeks, shares of Cytokinetics have traded between a low of $0.57 and a high of $1.49 and are now at $1.39, which is 144% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.5%.

Cytokinetics (NASDAQ:CYTK) has potential upside of 166.2% based on a current price of $1.39 and analysts' consensus price target of $3.70. The stock should discover initial support at its 50-day moving average (MA) of $1.19 and subsequent support at its 200-day MA of $0.94.

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 is tracking the current trend status for Cytokinetics and will alert subscribers who have CYTK in their portfolio or watchlist when shares have changed trend direction.

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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