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  • Stock Report Friday - Citigroup Inc. (NYSE:C) and Bank of America Corp. (NYSE:BAC)

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    Friday June 17, 2011 at 12:22 pm EST
    Citigroup Inc. (NYSE:C) and Bank of America Corp. (NYSE:BAC) - Stock Report
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    Shares of Citigroup Inc. (NYSE:C) have gained around 1.5% early on Friday. Shares are trading at $38.1 above the support level of $37.62. Shares of Citigroup Inc. (NYSE:C) gained on better Credit report. Major resistance levels above $38 are at $38.98, $40.32, $41.28, $42.74, $44.21 and $45.12. Citigroup Inc. (NYSE:C) options also gained on heavy volume. If positive reports come out from europe, Citigroupo options can be a great investment.

    Bank of America Corp. (NYSE:BAC) shares are trading almost unchanged Today changing directions constantly between green and red. Bank of America shares are trading at $10.6 which is a strong support point. Good news from Europe has resulted in market to gain Today. Major Resistance levels for Bank of America Corp. (NYSE:BAC) above current price are at $11.26, $11.76, $12.35 and $13.2.

    Bank of America Corp.(NYSE:BAC) and Citigroup Inc. (NYSE:C) will be announcing their quarterly earnings in July. The next event that can lift these shares significantly is their positive earnings report. For Citigroup Inc. (NYSE:C) and Bank of America Corp. (NYSE:BAC), wait and watch will be the best bet for this month.

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