Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for November 5, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 11/5/09
Resistance Levels: $4.11, $4.17, $4.54
Support Levels: $3.80, $3.57
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Citigroup Inc (C:NYSE) tested the 10 day moving average at $4.19 today and failed, closing back below $4. This is a bearish sign and will cause more selling at the open Thursday. Support at $3.80 must continue to hold or the downside risk is large. The shorts will start covering when Citigroup closes back over the 10 day moving average ( which will be down to around $4.15 on Thursday ). I will add to my Citigroup long position when the stock closes back above the 50 day moving average. Closing back over the 50 day will be a sign of strength. For more Technical Analysis - Go Here
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