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Sunday, January 17, 2010

Citigroup Inc C Stock Analysis - Trading Outlook

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for January 19, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 1/19/10

Resistance Levels: $3.60, $3.70, $3.82, $4.00

Support Levels: $3.29, $3.13


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Citigroup Inc (NYSE:C) crashed below the 10 day moving average on Friday ahead of earnings on Tuesday. The next major support level to watch out for is located at $3.30. A close below $3.30 would be very bearish and the $3.13 low could be tested. If Citigroup closes below the $3.13 low, things could get very ugly. I think it will hold however.
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