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Saturday, May 2, 2009

Citigroup C Stock 5/4/09 May 4, 2009

The following is a little Citigroup ( C ) stock technical analysis for May 4, 2009

Citigroup Support & Resistance Levels - 5/04/09


Resistance Levels: $3.09, $3.35, $3.89, $4.48

Support Levels: $2.62, $2.57, $2.40



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Citigroup stock continues to trade below the 10 day moving average as we await the stress test results on May 7, 2009. It has been rumored that Citi will need to raise 10 billion in captial - CNBC Reports. Citigroup has support between $2.57 & $2.61....a close below these two levels would be bearish. On the upside, a close back over the 10 day moving average would be the first sign of a trend change, I am watching for a close over $3.35 with a volume spike to get back into this stock. For more Technical Analysis - Go Here

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