CTIC Technical Analysis - The following is Cell Therapeutics ( CTIC ) stock technical analysis for August 31, 2009Cell Therapeutics, Inc ( CTIC ) Support & Resistance Levels - 8/31/09
Resistance Levels: $1.64, $1.72, $1.85
Support Levels: $1.55, $1.46
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The FDA will rule on September 4, 2009 - whether or not to Fast Track ( priority review ) pixantrone for non-Hodgkin's lymphoma. If the FDA rules in favor of fast track, there will be an FDA decision around Dec 24, 2009.
As for the stock, CTIC continues to hold the 50 day moving average which is positive but has pulled back significantly from the recent highs. Going forward, $1.85 continues to be major resistance. When I see the stock close over this level, I will be getting back into CTIC in a big way.
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