The following is Citigroup Inc. ( C ) stock technical analysis for March 15, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 3/15/10
Resistance Levels: $4.20, $4.31, $4.60
Support Levels: $4.00, $3.76
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Citigroup Inc. (NYSE:C) pulled back on Friday after going parabolic last week. Citigroup has support located at $3.90, a close below that level would be bearish for the short term and we would see some additional downward pressure. Resistance continues to be located between $4.20-$4.31. A close above this zone would be very positive and I think we would see Citigroup stock move into the upper $4's. The 10 & 50 day moving averages are turning up and could break up through the 200 day moving averages in the coming weeks.. this is a positive sign as far as the technicals go
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