Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for September 3, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 9/3/09
Resistance Levels: $4.82, $5.02, $5.11, $5.43
Support Levels: $4.65, $4.48, $4.30
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Citigroup hit a high of $5.43 and then pulled back to $4.30 just four trading days later. The important thing to note is that Citigroup continues to close over the $4.48-$4.50 support level. Citi is now running back up for a retest of the 10 day moving average ( currently located at $4.81 ). A close back over the 10 day moving average would be bullish and I think the stock could retest $5 again. As long as Citigroup remains below the 10 day moving average, it is very vulnerable.
I will continue to buy pullbacks to the $4.50 area and will add more if Citigroup closes over the 10 day moving average. For more Technical Analysis - Go Here
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