Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for August 17, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 8/17/09
Resistance Levels: $4.17, $4.24, $4.41, $4.48, $5
Support Levels: $3.91, $3.85, $3.74, $3.57
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Citigroup Inc (C:NYSE) stock has closed over $4 for two consecutive trading sessions which is very bullish. Citi has major resistance in the $4.40's where the 200 day moving average is located as well as the April and May 2009 highs of $4.48 & $4.41. There was a bad print on Friday of $4.53 which went through but was never corrected. The high was only around $4.17.
I own a small position in Citigroup right now, will add more if the stock retests the 10 day moving average ( $3.74 ) or breaks up through $4.24 as well as $4.48. Once Citigroup moves up and closes over $5, you will also see a huge pop in price
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