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Thursday, June 9, 2011

Citigroup Inc. (NYSE:C) Stock Analysis - 6/9/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for June 9, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 6/9/11

Resistance Levels: $37.30, $40

Support Levels: $36.30, $35

Chart - http://www.stockcharts.com/

Citigroup Inc. (NYSE:C) broke down through $37.30 on Wednesday but held strong in the $36's. Citigroup Inc will now have support around $36.30 as well as $36. Citigroup Inc. (C) stock is getting slammed due to the weak financial sector and stock market. Citigroup will have resistance between $39.60-$40. Citigroup should attract some buyers on a close back above $40. I think Citigroup Inc (C) is a buy down here anywhere below $38 and a sell between $40-$41 on a short term bounce.

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Citigroup Inc (NYSE:C)
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