By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for August 15, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 8/15/10
Resistance Levels: $4.27, $4.30, $4.35
Support Levels: $3.80, $3.62
Support Levels: $3.80, $3.62
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) closed below the 10, 50, and 200 day moving averages for the third straight trading day. Citigroup Inc will now have resistance starting at $3.90 all the way up to $4.03. If Citigroup can close back above these moving averages, It has a chance at testing $4.27-$4.30 again. I'd be a buyer of Citigroup for the long term between $3.65-$3.80.
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