By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for August 9, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 8/9/10
Resistance Levels: $4.20, $4.27, $4.30, $4.35
Support Levels: $4.00, $3.91, $3.62
Support Levels: $4.00, $3.91, $3.62
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) held the $4.00 support level on Friday but if that fails next week, next support is located at the 50 day moving located at $3.97. More importantly, Citigroup Inc must hold the 200 day moving average located at $3.91. On the upside, Citigroup won't rally until the stock breaks back above $4.20 as well as $4.27. A break above these two levels will cause Citigroup to retest $4.35.
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