Cell Therapeutics CTIC Stock Analysis October 2009

CTIC Technical Analysis - The following is Cell Therapeutics ( CTIC ) stock technical analysis for October 5, 2009

Cell Therapeutics, Inc ( CTIC ) Support & Resistance Levels - 10/5/09

Resistance Levels: $1.62, $1.70, $1.85

Support Levels: $1.50, 1.40

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Cell Therapeutics, Inc ( CTIC ) continues the recent downtrend and is now at risk to break the September low of $1.10. If this happens, I'd expect the support area of $0.97-$1.00 to be tested which hasn't happened since May 2009. I am looking to buy CTIC when the stock closes back over the 10 day moving average ( $1.29 ) or if the stock pulls back to the 200 day moving average. Until then, I won't touch it. For More Technical Analysis - Go Here

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