Citigroup Inc (NYSE:C) Tests $4.40

By Tim - http://stockstobuy.org

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

Citigroup Inc (C:NYSE) Support & Resistance Levels - 11/9/10

Resistance Levels: $4.55-$4.70

Support Levels: $4.40, $4.30

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

Citigroup Inc (C) is testing $4.40 as we go into the afternoon session. Citigroup will have support located between $4.38-$4.40. If Citigroup Inc falls back to $4.30, I plan to buy the 1/4th I sold on Friday to give me a full position. Citigroup is looking great on technical basis with the stock trading above all three major moving averages. Citigroup will now have resistance at $4.47 as well as $4.55.

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