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Sunday, December 6, 2009

Citigroup Inc C Stock 12/7/09 December 7, 2009

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for December 7, 2009

Citigroup Inc (C:NYSE) Support & Resistance Levels - 12/7/09

Resistance Levels: $4.31, $4.35, $4.61, $5.00

Support Levels: $4.00, $3.80


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Citigroup Inc. (NYSE:C) tested the 10 day moving average again on Friday but failed to close above it. $4.00 must continue to hold on a closing basis or $3.80 could easily be tested. A break below $3.80 would be very bearish and more selling pressure would hit the stock. I currently own Citigroup for the long term and will buy more when the stock breaks back above $4.31. I will also buy Citi when it closes back over the 50 day moving average.

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