By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for August 18, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 8/18/10
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 all three major moving averages for the 5th straight day. Citigroup Inc will have resistance from $3.90-$4.00 but then nothing until about $4.20-$4.27. Citigroup Inc has support located at $3.80 but if the stock drops below that level, I'd look to buy Citigroup in the $3.60's. Citigroup is a great stock to buy for the long term.
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