New York, NY -- (SBWIRE) -- 01/07/2013 -- Verastem Inc. (NASDAQ: VSTM), a biopharmaceutical company engaged in the discovery and development of drugs for treatment of cancer, is up sharply in mid-day trading today. At last check, VSTM was trading 6.89% higher at $11.01 on volume of 20,752, which is less than half of the daily average volume of 50,622. VSTM has gained more than 11% in the last three trading sessions.
VSTM has broken through $11 resistance level as a result of the rally today. This is a strong bullish signal. Technical indicators for the stock point to further gains.
VSTM last week said that it will present at East/West CEO and J.P. Morgan Healthcare conferences.
Find out more about VSTM by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=VSTM
CytRx Corporation (NASDAQ: CYTR), a biopharmaceutical company engaged in the research and development of oncology drugs, is rallying in mid-day trading today. At last check, CYTR was trading 7.14% higher at $2.10 on volume of 468,139, which is significantly above the daily average volume of 149,239. CYTR, in fact, has been gaining momentum since last week. The stock has gained more than 11% in the last three trading sessions.
Last week, CYTR had announced that it promoted Daniel Levitt, the company’s Chief Medical Officer, to the position of Executive Vice President. Levitt will continue to serve as the company’s Chief Medical Officer.
Get everything traders and investors need on CYTR by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=CYTR
WallStreetReport.net issues momentum alerts on stocks that can provide gains to day traders. WallStreetReport.net provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more. WallStreetReport.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals WallStreetReport.net is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. Gain an Edge by joining the WallStreetReport.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Report believes traders should have a chance at successfully trading Penny Stocks and invites traders and investors to be part of the Free VIP membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www.WallStreetReport.net
Disclosure: WallStreetReport.net is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetreport.Net website, for complete risks and disclosures.
BlueLys, its employees, officers, directors, shareholders and affiliates, hold no positions in the above-mentioned stocks.
WALL STREET REPORT
For more information on this press release visit: http://www.sbwire.com/press-releases/verastem-inc-cytrx-corporation-trend-analysis-report-nasdaq-vstm-nasdaq-cytr-193903.htm