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Saturday, February 20, 2010

Citigroup Inc C Stock 2/22/10 February 22, 2010

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for February 22, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 2/22/10

Resistance Levels: $3.60, $3.70

Support Levels: $3.27, $3.20, $3.11


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Citigroup Inc. (NYSE:C) closed back above the 50 day moving average on Friday which is technically bullish. If Citigroup breaks up through $3.47 next week, I think it could really accelerate to the upside and test the 2010 high of $3.70. The 10 day moving average is starting to turn upward which tells me that Citigroup will continue this current uptrend. Pullbacks to the 10 day moving average are now a strong buy.

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