Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for August 4, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 8/4/09
Resistance Levels: $3.21, $3.37, $3.50
Support Levels: $2.99, $2.85, $2.55
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Citigroup continues to close back over the 50 day moving average, something that is very bullish in the technical analysis world. I am now watching the high from last week at $3.37. If Citigroup can break up through there, I think it will test resistance between $3.50-$3.60. I want to buy pullbacks to the 10 day moving average which is rising each day and is currently at $2.93. As soon as Citigroup closes over the 200 day moving average I will stop trading and go long.
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