CTIC Technical Analysis - The following is Cell Therapeutics ( CTIC ) stock technical analysis for August 24, 2009Cell Therapeutics, Inc ( CTIC ) Support & Resistance Levels - 8/24/09
Resistance Levels: $1.85, $1.90, $2, $2.23, $2.50
Support Levels: 1.63, $1.50, $1.46, $1.35
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The FDA will rule on August 24, 2009 - whether or not to Fast Track ( priority review ) pixantrone for non-Hodgkin's lymphoma. If the FDA accepts the application, there will be an FDA decision on Dec 24, 2009. If the FDA does not fast track, then I would think a normal application process would go through and we could see a decision in early 2010. As for CTIC stock, I would be a buyer of pullbacks into the $1.30's and breakouts above $1.85, $2, and $2.23 resistances. After $2.23, the next major resistance is located at $2.50. For More Technical Analysis - Go Here
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