By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for July 13, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 7/13/10
Resistance Levels: $4.35
Support Levels: $4.00, $3.80, $3.62
Support Levels: $4.00, $3.80, $3.62
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) broke above $4.07 on Monday and ended up closing above this level. Citigroup Inc needs to hold this level for the rest of the week but it now appears as though the stock wants to test the $4.35 area. If you are trading Citigroup, I would only be a seller if the stock broke back below $4.00. Citigroup is now back above all three major moving averages which is bullish from a technical standpoint.
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