The following is a little Citigroup ( C ) stock technical analysis for April 13, 2009Citigroup Support & Resistance Levels - 4/13/09
Resistance Levels: $3.35, $3.89
Support Levels: $3.00, $2.89
Citigroup stock gapped up over the $2.89 resistance level, came back to test it, and then closed over $3.00. This is very bullish and I will be jumping in Citi if it can remain over $3.00 for most of the morning on Monday. Pullbacks into the $2.90's can be bought with a stop at $2.88. A break above the $3.08 will start the run to test $3.35. Thursday's breakout will now get me to buy pullbacks to the 10 and 50 day moving average $2.61-$2.70 using a stop at $2.59. I'm not ready to commit for the long term yet and will be out of this stock by April 17 earnings. For More Technical Analysis - Go Here
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