Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for February 16, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 2/16/10
Resistance Levels: $3.47, $4
Support Levels: $3.00, $2.60
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Citigroup (NYSE:C) continues to hold the $3.13-$3.15 level despite breaking it for a split second last week. Long term is $3.00 followed by the $2.60 level. This would be a great area to buy Citigroup if you think it will remain whole.
Resistance on the upside for Citigroup has always been the 50 day moving average. When the stock breaks above this level, a huge price increase is usually followed. I plan to buy Citigroup when it closes back above the 50 day ( currently $3.47 ) and add more on a close over $4.00. Until then, I won't touch it!
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