Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for December 10, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 12/10/09
Resistance Levels: $4.00, $4.12, $4.31, $4.35
Support Levels: $3.80, $3.58
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Citigroup Inc. (NYSE:C) bounced off the $3.80 support level today for the third time since mid August 2009. As long as the stock continues to close over this level, I am bullish on the stock going forward. CNBC announced today that Citigroup is planning to raise capital through an equity offering in order to pay back the TARP loan. I plan to buy Citigroup when the stock closes back over the 50 day moving average currently located at $4.31.
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