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Monday, February 8, 2010

Citigroup Inc C Stock 2/9/10 February 9, 2010

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for February 9, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 2/9/10

Resistance Levels: $3.27, $3.56, $3.60, $3.70

Support Levels: $3.15, $3.13, $3.07, $3


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Citigroup (NYSE:C) closed at the low of the day located at $3.15 on Monday. Citigroup is now at risk to break the solid support area of $3.13-$3.14 tomorrow. I was expecting the stock to close back above the 10 day moving average on Monday but the selling pressure was to great. If $3.13 is broken on Tuesday, the next major support level is located at $3.07 as well as $3.00. A break below $3.00 and I could see Citigroup testing $2.80 easily.

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