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  • Big Cap Stocks in Focus - Ford Motor Company, Citigroup Inc., Bank of America corp.,

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    Sunday Mar. 27, 2010 at 10:00 pm EST
     
    Big Cap Stocks in Focus  
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    Shares of Citigroup Inc.(NYSE:C) have lost 5% so far this month closing at $4.46 on Friday at support level of $4.4. Major resistance levels for Citigroup Inc. (NYSE:C) above this price are at $4.6, $4.73, $4.92 and $5.08. The market seems positive after the GDP data that has the potential to take the market to the green side on Monday.

    Shares of Bank of America Corp. (NYSE:BAC) dropped this week after the Fed rejected its plans of boosting the dividends. BofA shares closed at $13.34 on Friday at support level of $13.2. The next support point below is at $12.52 while the resistance point above is at $13.67. Bank of America Corp.(NYSE:BAC) will be a good buy if it drops below $12.7.
    Shares of Ford Motor Company (NYSE:F)are struggling to find direction after the company announced expansion plans in Asia. Ford Shares dropped 12% earlier in Jan after Ford posted a 24% fall in profit to $1.2 billion or 30 cents per share in the fourth quarter of 2010 from $1.58 billion or 43 cents per share in the same quarter of 2009. With Expansion plans in Asia, Ford is looking forward to dominate Chinese market that generated 9.5% of the World GDP in 2010.




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