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  • Citigroup Inc. (NYSE:C) and Bank of America Corp. (NYSE:BAC) Trashed by Investors

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    Friday Sep. 23, 2011 at 12:27 pm EST

    Citigroup Inc. (NYSE:C) and Bank of America Corp. (NYSE:BAC) Trashed by Investors
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    Shares of Citigroup Inc. (NYSE:C) closed at $23.96 on Thursday dropping more than 6%. It also hit a new 52 week los of $23.19 Yesterday. There is no support level for Citigroup Inc.(NYSE:C) below this price. Major resistance levels for Citigroup Inc. (NYSEC) above $23.96 are at $26.92, $28.57, $30.07, $31.05, $37.66, $38.93, and $40.12. Major support points below Today's close are at $30.02 and $27.21.

    Citigroup yesterday denied being hired by Repsol YPF SA (REP) to advise the company’s chairman, Antonio Brufau, in a dispute with Sacyr Vallehermoso SA (SYV) and Petroleos Mexicanos.

    Bank of America Corp. (NYSE:BAC) is said to be in talks to sell its stake in Pizza Hut franchisee for more than $800 million, Bloomberg reported, citing two people with knowledge of the discussions.

    Shares of Bank of America dropped 5% on Thursday following the overall market. Major Resistance levels for Bank of America Corp. (NYSE:BAC) above current price are at $6.38, $7.36, $8.23, $9.58 and $10.38. No Major support levels for Bank of America Corp.(NYSE:BAC) exist below current price.

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