CTIC Technical Analysis - The following is Cell Therapeutics ( CTIC ) stock technical analysis for October 8, 2009Cell Therapeutics, Inc ( CTIC ) Support & Resistance Levels - 10/8/09
Resistance Levels: $1.19, $1.28, $1.31
Support Levels: $1.00, $0.97, $0.91, $0.87
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Cell Therapeutics, Inc ( CTIC ) made a textbook technical reversal off the 200 day moving average today. The stock traded below $0.87 for a split second and then the short covering came in. CTIC then broke through $0.96 ( the high of the day ) and ripped back to the 10 day moving average on heavy volume. CTIC is trading up a bit in after hours so expect tomorrow to be another active day. Resistance continues to be located at the 10 day moving average which tomorrow will be around $1.17. A close over back over this level would be very bullish going forward. As always, I like pullbacks to the 200 day moving average again. For More Technical Analysis - Go Here
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