Cell Therapeutics CTIC Stock Analysis

CTIC Technical Analysis - The following is Cell Therapeutics ( CTIC ) stock technical analysis for December 7, 2009

Cell Therapeutics, Inc ( CTIC ) Support & Resistance Levels - 12/7/09

Resistance Levels: $1.21, 1.28, $1.31

Support Levels: $1.12, $1.07, $1.00

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Cell Therapeutics, Inc ( CTIC ) surged up to $1.21 resistance last week which is very bullish. On Monday, I will be watching to see if CTIC can break and hold $1.21 on a closing basis. If CTIC can break $1.21 during the trading day, I will jump in for a trade. If CTIC closes over $1.21, I will hold overnight. The volume should pick up on the break out. Personal Target - $1.40-$1.50

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