By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for October 22, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 10/22/10
Citigroup Inc (C:NYSE) Support & Resistance Levels - 10/22/10
Resistance Levels: $4.20, $4.30
Support Levels: $4.00, $3.90
Support Levels: $4.00, $3.90
Chart - http://www.stockcharts.com/
Citigroup Inc (C) closed below the 10 day moving average for the 2nd straight day. Citigroup Inc has major support located at $4.00 as well as $3.90. I can't see Citigroup falling below $3.90 in the short term unless we have a major stock market sell off which does not appear likely. Citigroup is one of the cheapest financials right now and I'd be continuing to build a long position.
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