This is a stock that could be ready to explode any day, week or month.

The trend has been very weird with this stock. I have been watching this stock for a few months. Every single time it receives good news, it goes up about 20-30 cents and slowly sinks back down. It has received positive news about 5-8 times in the last 2 months. It has a strong resistance in the 80 cent range.

if you look at the trend:

CytRx Corporation - Google Finance

its coming to the low point and if the trend follows it will start to come back up. This is not a stock thats an overnighter. search the history of this company and you will see for yourself. It has been around for over 20 years, once trading for $38.50!!

Heres a quick bio from reuters

"CytRx Corporation (CytRx) is a biopharmaceutical research and development company engaged in the development of human therapeutics. The Company’s drug development pipeline includes two product candidates in clinical development for cancer indications, including registration studies of tamibarotene for the treatment of acute promyelocytic leukemia (APL). In addition to its core oncology programs, the Company is developing treatments for neurodegenerative and other disorders based on its small-molecule molecular chaperone amplification technology. The Company is also engaged in new-drug discovery research at its laboratory facility in San Diego, California, utilizing its master chaperone regulator assay (MaCRA) technology. Apart from its drug development programs and new-drug discovery research activities, the Company maintains a 45% equity interest in its former subsidiary, RXi Pharmaceuticals Corporation (RXi).
More from Reuters » "

Keep an eye out people, this could be big in a week or a months time!