Citigroup Inc C Stock 7/1/09 July 1, 2009

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for July 1, 2009

Citigroup Inc (C:NYSE) Support & Resistance Levels - 7/1/09

Resistance Levels: $3.10, $3.16, $3.29

Support Levels: $2.96, $2.90, $2.85, $2.61

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Citigroup stock continues to be under pressure ever since closing below both the 10 & 50 day moving averages around the $3.40's several weeks ago. C stock is now vulnerable for more downside as the technicals deteriorate. Citi has support at $2.90 and $2.85 but then I am looking for the $2.61 April low to be tested if those two prices don't hold. I am waiting for buy Citigroup when it closes back over the 10 day moving average with a tight stop at $3. For more Technical Analysis - Go Here

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