Another stock that's starting to push within range of triggering a major breakout trade is Cytokinetics (CYTK), which is engaged in discovery and development of novel small molecule therapeutics that modulate muscle function for the potential treatment of serious diseases and medical conditions. This stock has been in beast mode for all of 2013, with shares up an impressive 92%.
If you look at the chart for Cytokinetics, you'll notice that this stock has been uptrending very strong for the last two months and change, with shares soaring higher from its low of 96 cents to its recent high of $1.36 a share. During that uptrend, shares of CYTK have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now started to push shares of CYTK within range of triggering a major breakout trade.
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