The following is a little Citigroup Inc. ( C ) stock technical analysis for May 18, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 5/18/09
Resistance Levels: $3.70, $4 , $4.41, $4.48
Support Levels: $3.50, $3.36, $3.00
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Citigroup stock continues to test the $3.50 support level and find resistance at the 10 day moving average currently at $3.62. For a trade, I will either go long when Citi retests the 50 day moving average around $3 or gets back over $4.00. I believe a huge break out will start when Citigroup closes over the $4.48 high from April. I believe a run back to $6 would be in the cards
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