CTIC Technical Analysis - The following is Cell Therapeutics ( CTIC ) stock technical analysis for October 7, 2009Cell Therapeutics, Inc ( CTIC ) Support & Resistance Levels - 10/7/09
Resistance Levels: $1.07, $1.20
Support Levels: $0.91, $0.87
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Cell Therapeutics, Inc ( CTIC ) continues the recent sell off and is approaching the 200 day moving average located at $0.87. For a trade, I would be a buyer at this level unless some really bad news would come out to change this. Expect some shorts to start covering at this level. Another scenario in which I'd buy CTIC would be when the stock closes back over the 10 day moving average ( currently $1.21 but falling rapidly ). This may happen sometime in the next week so be sure to keep track of where the 10 day is. For More Technical Analysis - Go Here
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