MomentumTradingHQ.com Featured Stock for the Week of 1/8/24 - 1/12/24 : Cytokinetics (CYTK) 22.3% Day Trade Return Monday 1/8/24

CYTK moved up quickly Monday midday when news hit the tape at 11:56 am CST that Novartis was in advanced talks to buy them.

Our real time alert services picked up CYTK's unusual stock and option volume early Monday morning hours before the announcement. Several opportunities presented themselves to get in before the announcement to capture a portion of the return depending on your favorite momentum indicator.

As shown in the chart below, a day trade entered at 9:30 am CST and closed at the end of the day would have gained 22.3%.  Note: The chart shows the indicator that was triggered as well as the price and time.

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