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Thursday, November 11, 2010

Citigroup Inc (NYSE:C) Stock Analysis - 11/11/10

By Tim -

The following is Citigroup Inc. ( C ) stock technical analysis for November 11, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 11/11/10

Resistance Levels: $4.55-$4.70

Support Levels: $4.30

Citigroup Inc (C) is falling in pre market due to Cisco's earnings. Citigroup held support at $4.30 very nicely over the past two days and will need to continue doing so. Citigroup Inc is currently trading at $4.38 as we get set for the open. Citigroup is looking great on a technical basis with the stock trading above all three major moving averages. Citigroup will now have major resistance at $4.47 as well as $4.55. Watch $4.30 on a closing basis. I am still long and strong.

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