Cell Therapeutics, Inc. (NASDAQ:CTIC)
Q: Hi, What do you think the price target for CTIC will be in 1 year time? Regards, Karl
A:SmarTrend’s technical analysis system looks at trend that are, on average, 30 days in total duration. So it is not feasible to make a one-year forward prediction. Having said that we issued an Uptrend alert on 3/23/09 at 15 cents and the stock has risen nicely since. The 200-day moving average is flat and if you are looking for higher prices longer term, you will need to see a sharper upslope in that long-term moving average. MACD is showing some negative divergences which may suggest some additional consolidation.