The following is a little Citigroup Inc. ( C ) stock technical analysis for May 11, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 5/11/09
Resistance Levels: $4.41, $4.48, $5, $6
Support Levels: $4.00, $3.50, $3, $2.80, $2.60
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Citigroup Inc. ( C ) stock is back over $4.00 which is very bullish. Citi has support at $3.70 and $3.50 but then its back to $3.00. Two resistance levels I am watching are the $4.41 high from Thursday and the $4.48 high from mid April 2009. A break above $4.48 would take Citi back to test $5. If Citigroup can close over $5, the Mutual Funds might pile back in sending it even higher. Watch Citi!! For more Technical Analysis - Go Here
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