By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for August 30, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 8/30/10
Resistance Levels: $3.75, $3.80, $4.00
Support Levels: $3.62, $3.53
Support Levels: $3.62, $3.53
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) trading update: Citigroup Inc tested the falling 10 day moving average this morning which failed. Citigroup is back to the $3.70 level and I can't really see any positive news that will make the stock rally in the short term. I continue to like Citigroup below $3.80 for the long term however. There is a chance the jobs report may be inline or better than expectations on Friday causing the stock market to rally. Citigroup has support located at $3.62-$3.64
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