Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for December 24, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 12/24/09
Resistance Levels: $3.52, $3.70, $3.80, $4.00
Support Levels: $3.25, $3.13, $3.07, $3, $2.86
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Citigroup Inc. (NYSE:C) continues the recent downtrend after an oversold bounce. As I have been saying, the 10 day moving average broke down through the 200 day moving average which is a very bearish technical signal. It is a sell signal that most technicians will look at and short the stock or sell their long position. Support is located at $3.25 and $3.13 which must now hold. On the upside, I am watching the 10 day moving average located at $3.52 closely. The 10 day has been going down every day so when Citigroup closes above this level, I plan to buy the stock.
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