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Wednesday, June 9, 2010

Citigroup Inc C Stock 6/9/10 June 9, 2010

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for June 9, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 6/9/10

Resistance Levels: $3.80, $4.04, $4.27, $4.37

Support Levels: $3.60, $3.53, $3.40

Chart - http://www.stockcharts.com/

Citigroup Inc (NYSE:C) managed to hold the $3.60 support level on Tuesday and closed near the highs of the day. Citigroup Inc must hold $3.60 on a closing basis or we could easily test $3.53 and then $3.40. I don't expect Citigroup Inc to sustain and rally until is get back above the 200 day moving average located at $4.04. However, I view anything below $3.80 as a solid long term buy.

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