Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for December 28, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 12/28/09
Resistance Levels: $3.47, $3.71, $3.80, $4.04
Support Levels: $3.28, $3.13, $3.07, $3, $2.86
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Citigroup Inc. (NYSE:C) continues to trade below all three moving averages which is technically bearish. When this begins to change, a sustainable recovery will start backed by institutional buying. Until then, Citigroup is still vulnerable to more downside action. I am watching the 10 day moving average located at $3.47. When Citigroup closes back over this level, I will buy the stock for a trade.
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