The following is a little Citigroup ( C ) stock technical analysis for April 8, 2009Citigroup Support & Resistance Levels - 4/8/09
Resistance Levels: $2.89, $3.00, $3.35, $3.89
Support Levels: $2.65, $2.40, $2.20
Citigroup continues to bounce off and close above both 10 and 50 day moving averages. This is a very bullish sign for the future. Citi had a big run and now is trending sideways instead of giving back the gains. As a trader, I am waiting for a break back above $3.00 to get long Citigroup again. I am also watching for several closes below $2.60 for a sign of more weakness to come.
The volume has really died down lately and all eyes will be glued to the next earnings report relased April 17, 2009. For More Technical Analysis - Go Here
The volume has really died down lately and all eyes will be glued to the next earnings report relased April 17, 2009. For More Technical Analysis - Go Here
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