I like the overall pattern in Cytec Industries (CYT, $64.65).
As long as price holds above one of these key price cluster zones, I’m looking at taking my buy triggers in this stock. The potential upside target if we hold above the Oct 10 low is $71.98. This stock has moved up nicely in the last year from under $40 to it’s current level.
The price cluster zones come in at $62.64 – $63.06 and $59.72 – $61.90. My max risk is below the low end of the second cluster at 59.72.
Let’s see if price can continue to hold above here or NOT!!