Citigroup Inc C Stock 10/29/09 October 29, 2009

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for October 29, 2009

Citigroup Inc (C:NYSE) Support & Resistance Levels - 10/29/09

Resistance Levels: $4.15, $4.43, $4.59, $4.80, $5.00

Support Levels: $4.00, $3.80, $3.57

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Citigroup Inc (C:NYSE) broke down through $4.11 Wednesday and hit $4.00 per share before bouncing. Resistance is now located between $4.11-$4.15....a close back over this level would produce a nice bounce. There will also be resistance at the 10 day moving average located at $4.43. I plan to add to my long term position when Citi closes back over the 50 day moving average ( currently located at $4.59 ). On the downside, if Citigroup fails to hold $4, the next major support level is located at $3.80 followed by $3.57. For more Technical Analysis - Go Here

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