AIG FRE FNM CTIC Stock April 14, 2009

After an incredible Goldman Sachs ( GS ) earnings report last night, Shares of Citigroup ( C ) are flying in pre market. This is causing some other government backed stocks to surge as well.

Citigroup Technical Analysis: Click Here


American International Group ( AIG ): AIG stocks is trading at $1.61 in pre market trading. I am watching support at $1.54, if this continues to hold, look for the $2.00 high to be tested. If $2 is closed over, look for $2.12 and then $2.84. Support at $1.00 has been solid over the past month.

Freddie Mac ( FRE ) - FRE stock is trading at $1.04....watch the major resistance level of $1.50 but a close over $1.25 will get Freddie moving.

Fannie Mae ( FNM ) - FNM stock is trading at $1.03 in pre market, I am also watching $1.25 and major resistance at $1.43....a break up through this level would be huge!!

Cell Therapeutics, Inc. (CTIC) - CTIC crashed yesterday but is rebounded on the following news. I won't get interested again until CTIC breaks up through $0.45.

Also: Cell Therapeutics Initiating Rolling NDA Submission for Pixantrone

Etrade Financial ( ETFC ) - Etrade is gapping over the 200 day moving average at $1.97. This will act as support during the trading day today. Next resistance levels are $2.24 and $2.85


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