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Cytori Therapeutics(CYTX) develops, manufactures, and sells medical products and devices to enable the practice of regenerative medicine. This stock is trading up 10.6% to $2.50 in recent trading.
Today's Range: $2.28-$2.60
52-Week Range: $1.90-$6.33
Three-Month Average Volume: 484,748
From a technical perspective, CYTX is ripping significantly higher here as the stock starts to move back above its 50-day moving average of $2.48 on decent volume. This move is quickly pushing CYTX within range of triggering a near-term breakout trade. That trade will hit once CYTX takes out some near-term overhead resistance at $2.56 and then its 200-day moving average of $2.89.
Traders should look for long-biased trades if CYTX can sustain a move or close above those levels on volume that's near or above 484,748 shares. If we get that action soon, look for CYXT to make a run at its March high of $3.45. Keep in mind that CYTX will have to maintain a trend over its 200-day with strong volume to potentially hit that target.