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Monday, May 23, 2011

Citigroup Inc C Technical Analysis

The following is Citigroup Inc  (C) Technical analysis for May 24, 2011

Citi group Inc C  Resistance, pivot & Support Levels - 05/24/2011

Resistance levels: $41.22, $40.86, $40.51

Pivot point: $40.28

Support levels: $39.93, $39.70, $39.35

Share of Citigroup was 2% down on Monday and stock is keep  going down after company reversed split.Share of Citigroup Inc.(C) is next support area  which is $39. Citigroup will have resistance at the 200 day moving average now ($44.31).Citigroup Inc will have support level now $40. If C  has next support level under $40 which is good buying opportunity  for long term. I think time to buy long term  buy stock so  if market get correction, stock is buy under $40. 

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