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Thursday, February 25, 2010

Citigroup Inc C Stock 2/26/10 February 26, 2010

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for February 26, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 2/26/10

Resistance Levels: $3.60, $3.70, $3.77

Support Levels: $3.35, $3.20, $3.11


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Citigroup Inc. (NYSE:C) closed right above the 10 & 50 day moving averages on Thursday. The 10 day is getting set to break up through the 50 day which is a bullish technical signal. When Citigroup breaks back above $3.48 again, I think the stock can retest the major resistance zone between $3.60-$3.70 . Longer term, I feel strongly that Citigroup has put in a solid bottom in the low $3's.

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