Citigroup Inc C Stock 10/19/09 October 19 2009

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for October 19, 2009

Citigroup Inc (C:NYSE) Support & Resistance Levels - 10/19/09

Resistance Levels: $4.80 $5.00, $5.24

Support Levels: $4.52, $4.30, $4.25

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Citigroup Inc (C:NYSE) is back testing the 50 day moving average....this level must hold on a closing basis or the stock actually becomes a short term sell if you are trying to trade it. If you are holding long term like myself, you would want to avoid buying more until the stock closes back above both the 10 and 50 day averages. $4.80 is now solid resistance once again on the upside. Citi now has a double top at $5.00, as soon as the stock breaks above $5.00, I will buy in a big way. For more Technical Analysis - Go Here

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