Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for January 25, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 1/25/10
Resistance Levels: $3.47, $3.60, $3.70
Support Levels: $3.13, $3.00
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Citigroup (NYSE:C) continues to hold the new support level at $3.20. If this level is broken, I expect the major support area between $3.13-$3.15 to be tested. When Citigroup did their equity offering to repay TARP, the offering price was $3.15 and the low that day was $3.13. If this doesn't hold on a closing basis, Citigroup will have to hold $3 or things will get ugly. I would be a buyer of Citigroup again when the stock closes back above the 10 day moving average located at $3.47.
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