In-Depth Technical Analysis: Five Prime Therapeutics, Inc. (FPRX), CytRx Corporation (CYTR)

Five Prime Therapeutics, Inc. (NASDAQ:FPRX) traded at an unexpectedly high level on 10/25/2017 when the stock experienced a -3.03% loss to a closing price of $43.48. The company saw 0.4 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 0.33 million shares a day, this signifies a pretty significant change over the norm.

Five Prime Therapeutics, Inc. (FPRX) Analyst Gushes

Analysts are speculating a 116.19% move, based on the high target price ($94) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $61.44 price target, but the stock is already up 67.42% from its recent lows. However, the stock is trading at -28.7% versus recent highs ($ 60.98). Analysts believe that we could see stock price minimum in the $41 range (lowest target price), allowing for another -5.7% drop from its current position. Leading up to this report, we have seen a 21.25% rise in the stock price over the last 30 days and a 52.35% increase over the past 3 months. Overall, the share price is down -13.23% so far this year. Additionally, FPRX had a day price range of $42.87 to $45.2.

Five Prime Therapeutics, Inc. (FPRX) Price Potential

Heading into the stock price potential, Five Prime Therapeutics, Inc. needs to grow just 31.67% to cross its median price target of $57.25. In order to determine directional movement, the 50-day and 200-day moving averages for Five Prime Therapeutics, Inc. (NASDAQ:FPRX) are $38.86 and $32.57. Given that liquidity is king in short-term, FPRX is a stock with 28.57 million shares outstanding that normally trades 6.87% of its float. The stock price recently experienced a 5-day loss of -5.54% with 1.88 average true range (ATR). FPRX has a beta of 4.23 and RSI is 58.22.

CytRx Corporation (NASDAQ:CYTR)’s Lead Over its Technicals

On the other hand, CytRx Corporation by far traveled 2.83% versus a 1-year low price of $0.3355. The share price was last seen -0.17% lower, reaching at $0.34 on 10/25/2017. At recent session, the prices were hovering between $0.34 and $0.3537. This company shares are 1076.47% off its target price of $4 and the current market capitalization stands at $56.58M. The recent change has given its price a -24.56% deficit over SMA 50 and -65.43% deficit over its 52-week high. The stock witnessed -16.51% declines, -39.58% declines and -49.61% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CYTR’s volatility during a week at 8.69% and during a month it has been found around 6.54%.

CytRx Corporation (NASDAQ:CYTR) Intraday Metrics

CytRx Corporation (CYTR) exchanged hands at an unexpectedly low level of 0.86 million shares over the course of the day. Noting its average daily volume at 4.43 million shares each day over the month, this signifies a pretty significant change over the norm.

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