Top Supermarket Stocks To Watch For 2015: CytRx Corporation(CYTR)
CytRx Corporation, a biopharmaceutical research and development company, engages in the development of human therapeutics, specializing in oncology. Its drug development pipeline includes INNO-206, which is in Phase II clinical trials for the treatment of soft tissue sarcomas and is in Phase Ib/2 clinical trials for the treatment of solid tumors; and tamibarotene that is in Phase II clinical trials for the treatment of non-small-cell lung cancer and acute promyelocytic leukemia. The company also develops Bafetinib, which is in Phase II clinical trials for the treatment of B-cell chronic lymphocytic leukemia and advanced prostate cancer, as well as in pharmacokinetic clinical trial for brain cancer. CytRx Corporation was founded in 1985 and is headquartered in Los Angeles, California.
Advisors' Opinion:- [By Bryan Murphy]
A week ago, yours truly penned some bullish thoughts on CytRx Corporation (NASDAQ:CYTR) and InterCloud Systems Inc. (NASDAQ:ICLD). It wasn't a table-pounding, preachy affair... just an explanation of how ICLD and CYTR both had dropped encouraging hints. Well, both have done well in the meantime. In fact, CytRx shares have advanced 21% since then, and as of today, InterCloud Systems is up big-time today. It's the big, sudden pop from ICLD, in fact, that's the reason I'm even following up today - it may be time to lock in a gain here.
- [By Bryan Murphy]
Just for the record, not all my stock picks are great ones. Most are pretty good, some are just so-so, and every now and then they may even be spectacularly bad. Two of the recent ones, however, are looking like they're falling right into place... InterCloud Systems Inc. (NASDAQ:ICLD) and CytRx Corporation (NASDAQ:CYTR). If you didn't catch the first write-ups or weren't sure about CYTR or ICLD at the time, both buddin! g moves are looking even more likely today.
- [By Bryan Murphy]
They say it's darkest just before dawn. If that's true for stocks - and it usually is - the now may be the time to wade into CytRx Corporation (NASDAQ:CYTR).
source from Top Stocks For 2015:http://www.topstocksblog.com/top-supermarket-stocks-to-watch-for-2015.html
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