Honing in on Shares of CytRx Corporation (NASDAQ:CYTR)


Shares of CytRx Corporation (NASDAQ:CYTR) are on our watchlist today as the stock has moved -2.71% from the open, touching $0.49 on a recent trade. While the stock has a nice low price tag to it, does it have any value?

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Now looking back to CytRx Corporation (NASDAQ:CYTR) shares, we can see that on a technical level the stock is trading -3.85% over the past five trading days.  Looking a bit further out, the shares have performed -13.79% over the past 30 days.  For the past quarter the stock is -15.25%, over the past 6-months has returned -84.42% and yielded -82.39% for long term holders over the past year. 

In relation to recent highs and lows,CytRx Corporation (NASDAQ:CYTR) shares are trading -86.58% below the 52-week high and 9.18% above the 52-week low. 

In order to see which way the stock is trending, we will now take a look at the moving averages.  While no substitute for complete stock research and due diligence, this can at least give an idea of general stock sentiment. 

CytRx Corporation (NASDAQ:CYTR) is -13.08% away from its 50-day moving average and -73.37% removed from the 200-day moving average.  Can shares cross in either direction soon?  Sign up for our email alerts to be the first to know when a bull or bear run is upon us.

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Disclaimer: This is not a recommendation to buy or sell the equity.  Investors should conduct their own research before investing in the stock market.  There is high risk especially when trading penny stocks or other highly volatile securities.  The information in this article is for informational purposes only and should be treated as such. This content, in part, is provided by PennyStockWired.com.  For errors or inaccuracies please contact us immediately at contact@pennystockwired.com

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