Citigroup Inc C Stock Analysis - 10/30/09

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for October 30, 2009

Citigroup Inc (C:NYSE) Support & Resistance Levels - 10/30/09

Resistance Levels: $4.38, $4.59, $4.80, $5.00

Support Levels: $4.17, $4.00, $3.80, $3.57

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Citigroup Inc (C:NYSE) broke back above $4.15 resistance Thursday and closed near the high of the trading session. The stock still trades below both the 10 & 50 day moving averages and until this changes, I will not be adding to my long term stock position. Support will now be located between $41.5-$4.17, a break below this area would be bearish. If Citigroup can close back above the 10 day moving average, it has a real good chance of giving the 50 day moving average a retest. For more Technical Analysis - Go Here

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