CTIC Stock Analysis 9/28/09 September 28, 2009

CTIC Technical Analysis - The following is Cell Therapeutics ( CTIC ) stock technical analysis for September 28, 2009

Cell Therapeutics, Inc ( CTIC ) Support & Resistance Levels - 9/28/09

Resistance Levels: $1.40, $1.51, $1.57, $1.83

Support Levels: $1.10, $1.00, $0.97

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Cell Therapeutics, Inc. (CTIC) broke down last week after it failed to hold both the 10 & 50 day moving averages on a closing basis. Besides the $1.10 low on Friday, there is no major support until $0.97-$1.00. Expect heavy selling pressure between $1.40-$1.50 if CTIC can get back to that area. I would be a buyer on a close above $1.50 or a retest of the 200 day moving average which is located at $0.83. For More Technical Analysis - Go Here

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