Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for February 1, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 2/1/10
Resistance Levels: $3.60, $3.66, $3.70
Support Levels: $3.20, $3.13, $3.00
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Citigroup (NYSE:C) closed just above the 10 day moving average on Friday amidst crappy stock market conditions. Citigroup stock appears as though it has bottomed due to a lower high at $3.14 which was bullish. There is now a strong double bottom in place between $3.13-$3.14 and I still think this area will hold on a closing basis. If Citigroup closes back below $3.13, expect a flood of selling to hit the stock. On the upside, I now think the stock could retest the 50 day moving average currently located at $3.66 but falling.
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