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Friday, March 26, 2010

Cell Therapeutics CTIC Stock Analysis - 3/26/10

The following is Cell Therapeutics ( CTIC ) stock technical analysis for March 26, 2010

Cell Therapeutics ( CTIC ) Support & Resistance Levels - 3/26/10

Resistance Levels: $0.73, $0.80

Support Levels: $0.60, $0.53





Cell Therapeutics (CTIC) continues to have trouble closing back above $0.73 but has made three straight higher closes. At this point, the stock will continue to struggle each time it closes below $0.73. On the upside, Cell Therapeutics has major resistance between $0.77-$0.80 and could be the reason why investors are staying away from the stock above $0.73. All eyes will be on the FDA decision in late April.

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