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Wednesday, May 26, 2010

Citigroup Inc C Stock 5/26/10 May 26, 2010

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for May 26, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 5/26/10

Resistance Levels: $3.86, $4.00, 4.10, $4.37

Support Levels: $3.53, $3.41

Chart - http://www.stockcharts.com/


Citigroup Inc (NYSE:C) hit a low of $3.56 on Tuesday which means the stock was able to hold $3.53. This is a huge deal. Citigroup Inc will now have resistance at and just above the 10 day moving average located at $3.86. If Citigroup Inc can close above this level and hold it, I think we are headed back to the 200 & 50 day moving averages.

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