Citigroup Inc C Stock Analysis - 10/20/09

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for October 20, 2009

Citigroup Inc (C:NYSE) Support & Resistance Levels - 10/20/09

Resistance Levels: $4.71, $4.80, $5.00, $5.43

Support Levels: $4.54, $4.31, $4.15

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Citigroup Inc (C:NYSE) continues to be weak after releasing earnings last Thursday. The 50 day moving average should provide some support here but the financials have been real laggards over the past three trading sessions. If we get a stock market correction, these stocks will get hit the hardest. I continue to hold my small long position and will add a little when Citi closes back over the 10 day moving average. I will add a more hefty position when Citigroup closes back over $5. After the 50 day moving average, the next major support level is located at $4.31. For more Technical Analysis - Go Here

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