Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for December 17, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 12/17/09
Resistance Levels: $3.58, $3.80, $4.00, $4.12
Support Levels: $3.29, $3.11, $3, $2.86
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Citigroup Inc. (NYSE:C) has priced their $20 billion stock offering tonight at $3.15 ( says CNBC ). The stock is down around $3.34 in afterhours trading. Support is located at $3.29 which must hold tomorrow or downside risk to the offering price is large. There is big support between $3.10-$3.25 so I don't expect Citigroup to go lower then that in the short term. On the upside, I plan to buy for a trade when the stock breaks above $3.58 which was Wednesday's high of the day. Citigroup is very oversold so I am expecting some kind of rally in the next few days, back to the 10 day moving average.
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