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  • Citigroup Inc. (NYSE:C) Struggling, May Cross $4 Soon

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    Monday September 13, 2010 at 09:26 am EST
    Citigroup Inc. (NYSE:C) Stock Analysis
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    Citigroup Inc. (NYSE:C) stock has stayed below $4 since past 4 weeks. Citibank is dealing with dozens of problems in the US with some good news overseas. Analysts are expecting Citigroup Inc. (NYSE:C) to stay in this range till the Fed sells Citi shares. Citi is facing a lot of criticism also on Mike Mayo Issue. I personally believe the Media has given un-needed attention to him.

    Citigroup Inc. (NYSE:C) stock closed at $3.91 on Friday near resistance level of $3.88. The support levels below are at $3.77, $3.42 and $3.19. Resistance levels for Citigroup inc. - $4, $4.09, $4.21 and $4.42.

    Citigroup Inc (NYSE:C)  had some great news last month from Overseas. Citibank Japan was ranked number one in the Nikkei's Retail Banking Survey. Citigroup Inc. China division is also achieving tremendous growth. Citi also reduced the minimum deposit required to waive the fees for its Gold checking account

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