By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for August 24, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 8/24/10
Resistance Levels: $3.81, $4.00
Support Levels: $3.62, $3.53
Support Levels: $3.62, $3.53
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) closed near the lows of the day on Tuesday and is nearing key support located at $3.62. Citigroup Inc must hold this level or the stock will break down and plunge into the $3.50's. If you are thinking about trading Citigroup in the short term, wait for the stock to close back above the 10 day moving average. From that point, I think you can catch a 5-10% move in the stock. For the long term, I would continue to be adding Citigroup stock below $3.80.
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