The following is a little Citigroup ( C ) stock technical analysis for March 24, 2009.Citigroup Support & Resistance Levels - 3/24/09
Resistance Levels: $3.35, $3.89
Support Levels: $2.97, $2.40, $2.20, $2.00
Citigroup has a great day yesterday and closed over the 50 day moving average for the first time since September. $2.97 now becomes your support level, a close below this area would bring selling pressure. On the downside, as you can see, that $2.40 held solid and is now even bigger support. Citi stock will break out even further when $3.89 is broken on the upside. I feel Citigroup could then retest $4.00-$4.32. Things are looking good but watch the 50 day moving average closely!
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