Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for September 16, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 9/16/09
Resistance Levels: $4.30, $4.75
Support Levels: $4.10, $4.02, $3.80
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Citigroup stock tanked Tuesday after discussing how it intends to sell the 34% stake the government owns. The stock, which I have been avoiding because it trades below the 10 day moving average, broke the previous low of $4.30. There is a solid area of support located between $3.80-$3.90 which could cause a nice bounce if tested. I am waiting for Citigroup to close back over the 10 day moving average and then I will be buying aggressive once again. Until then, I will be watching. For more Technical Analysis - Go Here
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