The following is Cell Therapeutics ( CTIC ) stock technical analysis for March 9, 2010
Cell Therapeutics ( CTIC ) Support & Resistance Levels - 3/9/10
Resistance Levels: $1.25, $1.40
Support Levels: $1.00, $0.98
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Cell Therapeutics ( CTIC ) hit the 200 day moving average on Monday and is pulling back. The 200 day is a strong technical resistance level and even though CNBC mentioned the stock several times yesterday, it still couldn't break above this level. Support is located at $0.98-$1.00, the same area of support from the summer of 2009. The FDA application decision is due out in the coming weeks and will really move this stock.
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