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Sunday, August 2, 2009

CTIC Stock Analysis August 3 2009 8/3/09

CTIC Technical Analysis - The following is Cell Therapeutics ( CTIC ) stock technical analysis for August 3, 2009

Cell Therapeutics, Inc ( CTIC ) Support & Resistance Levels - 8/3/09

Resistance Levels: $1.50, $1.73, $1.78, $1.85, $1.90, $2


Support Levels: $1.37, $1.30


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CTIC has been trending right along with both the 10 & 50 day moving averages for about three weeks now. $1.37 and $1.30 have been solid support levels and $1.50 has been resistance. As soon as CTIC can close back over $1.50 I believe it will begin a new uptrend and I will be getting back into the stock. CTIC has been making lower highs with the last major high being $1.78. When CTIC can break up though $1.78 and then $1.90, I think the stock can move up in a big way. For More Technical Analysis - Go Here

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