The following is Citigroup Inc. ( C ) stock technical analysis for March 9, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 3/9/10
Resistance Levels: $3.60, $3.70
Support Levels: $3.38, $3.30, $3.20
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Citigroup Inc. (NYSE:C) hit $3.60 resistance on Monday before pulling back. My target from last week was $3.60-$3.70 so we hit the low end of this range. There is major resistance in this area as well as $3.76 which is the 200 day moving average. If Citigroup can break above $3.60 and close above $3.70, I think it could retest the $4's. Pullbacks to the mid $3.40's are now a strong buy.
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