CTIC Stock Analysis September 16 2009 9/16/09

CTIC Technical Analysis - The following is Cell Therapeutics ( CTIC ) stock technical analysis for September 16, 2009

Cell Therapeutics, Inc ( CTIC ) Support & Resistance Levels - 9/16/09

Resistance Levels: $1.51,

Support Levels: $1.18, $1.00

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CTIC continues to close under the 10 day moving average and has done so for the past 9 trading sessions. After the 10 day moving average, the next resistance level is located at $1.51. As soon as CTIC breaks above $1.51, I will be jumping into the stock for a trade.

On the downside, keep an eye on $1.18....a break below $1.18 would be very bearish and you would probably see $1.00 retested. I don't expect this to happen but you never know!

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