The following is a little Citigroup Inc. ( C ) stock technical analysis for June 19, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 6/19/09
Resistance Levels: $3.16, $3.29, $3.39, $3.55, $3.67
Support Levels: $3.00, $2.96, $2.85, $2.61
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Citigroup stock is back testing $3 after closing below both the 10 and 50 day moving averages. What is even more concerning is the fact that the 10 day moving average has broken back down through the 50 day. At this point, you will want $3 to hold or more selling pressure will hit Citi stock. For me personally, I am looking to buy Citigroup stock on a break above $4 at this point. A close back above the $3.55 resistance would also be bullish. For more Technical Analysis - Go Here
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