Office Depot Inc. & Cell Therapeutics Inc. Trend Analysis Research: (NYSE: ODP), (NASDAQ: CTIC)
Office Depot Inc. (NYSE: ODP), a global supplier of office products and services, is up sharply in mid-day trading today. At last check, ODP was trading 2.84% higher at $4.35 on volume of 5.15 million, which is above the daily average volume of 4.99 million.
ODP has now gained more than 12% in the last three trading sessions. The stock has been gaining momentum as the company made some major announcements this week, including the relocation of its store in Orland Park.
ODP, in fact, has had an excellent run over the last two weeks. Since January 7, the stock has gained more than 19%. Earlier today, ODP hit a 52-week high of $4.45.
Cell Therapeutics Inc. (NASDAQ: CTIC), a biotechnology company engaged in the development, acquisition, and commercialization of drugs for the treatment of cancer, is gaining in mid-day trading today. At last check, CTIC was trading 2.78% higher at $1.48 on volume of 1.15 million, which is below the daily average volume of 2.16 million.
Despite the gains today, CTIC has fallen more than 2% for the week. CTIC is currently facing stiff resistance at around $1.60. A bullish trend will be established if the stock breaks through this level. The stock has support at around $1.45.
CTIC this week said that it will host Analyst and Investor Meeting on advances and existing challenges in the treatment of Myelofibrosis.
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