CTIC Technical Analysis - The following is Cell Therapeutics ( CTIC ) stock technical analysis for July 6, 2009Cell Therapeutics, Inc ( CTIC ) Support & Resistance Levels - 7/6/09
Resistance Levels: $1.85, $1.90, $2, $2.23
Support Levels: $1.50, $1.37, $1.26, $1
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CTIC has had an amazing run and is one of the best performing stocks of all stocks in 2009. However, the recent action has been showing signs of a top as CTIC failed to break above the $2.23 high. CTIC is now back testing the 10 day moving average but is still looking good from a technical point of view. As long as CTIC doesn't break any previous lows it will be ok. CTIC has support at $1.50, $1.37, and then $1.26. Resistance has been around $1.85 and $2. $2.23 is a price that if broken, CTIC could have another massive run up into the high $2's and even $3's depending on the news.
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