Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for October 27, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 10/27/09
Resistance Levels: $4.57, $4.80, $5.00
Support Levels: $4.24, $4.15, $4.11, $3.80, $3.57
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Citigroup Inc (C:NYSE) broke down through several major support levels today as the bank stocks tanked. Besides the low of $4.24, the next major support area is located between $4.11-$4.15. If this area is violated, I could see Citigroup falling back to $3.80. I still have a small long term position in which I am looking to add to but as long as the stock continues to trade below both the 10 & 50 day moving averages, I will not be doing so. As soon as Citigroup closes back above both of these moving averages again, I plan to add to my long term position. For more Technical Analysis - Go Here
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