Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for November 16, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 11/16/09
Resistance Levels: $4.28, $4.31, $4.44
Support Levels: $4.00, $3.80, $3.57
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Citigroup Inc (C:NYSE) closed under the 10 day moving average on Friday but spiked to $4.16 in afterhours. John Paulson, a well known hedge fund manager, bought 300 million shares of Citigroup last quarter in a new position. This news is huge and should now put in a solid floor at $4.00 for the stock. I plan to add to my long position when Citigroup breaks $4.28 as well as closes over the 50 day moving average. Support continues to be located at $4.00 & $3.80. For more Technical Analysis - Go Here
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