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Wednesday, October 13, 2010

Citigroup Inc. (C) Fails at $4.30, For Now

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for October 13, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 10/13/10

Resistance Levels: $4.30, $4.55

Support Levels: $4.00

Citigroup Inc (NYSE:C) stock ran up to $4.30 but failed which is causing a minor pullback. Citigroup Inc has support located at $4.00 which needs to hold on the downside. Citigroup Inc has resistance located between $4.20-$4.30 so expect the stock in this current area. Citigroup remains a solid long term buy below $4.00 and a strong buy below $3.80. When Citigroup closes above $4.30, I think the stock can run back into the $4.50's.

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