Cell Therapeutics CTIC Technical Analysis

CTIC Technical Analysis - The following is Cell Therapeutics ( CTIC ) stock technical analysis for October 20, 2009

Cell Therapeutics, Inc ( CTIC ) Support & Resistance Levels - 10/20/09

Resistance Levels: $1.20, $1.28, $1.31

Support Levels: $1.00, $0.91

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Cell Therapeutics, Inc. (CTIC) continues to trade near the 10 day moving average with resistance still located at $1.20. Today is the shareholders meeting so I will be watching the stock closely this afternoon for any sign of a potential break out. If I see CTIC break above $1.20, I will jump in for a trade. Until then, I will wait for another pullback to the 200 day moving average where i'd be a buyer as well. For more Technical Analysis - Go Here

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