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Tuesday, July 6, 2010

Citigroup Inc C Stock July 6, 2010

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for July 6, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 7/6/10

Resistance Levels: $4.07, $4.35

Support Levels: $3.62, $3.53


Citigroup Inc (NYSE:C) failed at the 10 day moving average on Friday but continues to hold the previous low of $3.53. Citigroup Inc will be a huge buy when the stock breaks back above $4.07 however. Why? Citigroup failed at this level two weeks ago before this latest downfall. The stock would also be trading above all three moving averages for the first time since April 2010. I plan to buy Citigroup for a rebound when the stock breaks $4.07.

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