The following is a little Citigroup Inc. ( C ) stock technical analysis for May 26, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 5/26/09
Resistance Levels: $3.70, $4 , $4.41, $4.48
Support Levels: $3.50, $3.36, $3.00
Discuss Stocks - http://stockstobuy.org
Citigroup stock continues to trade close to the 10 day moving average around $3.65. Last week, Citi tried to make a move over $4.00 but was rejected at $3.96. I will be buying Citigroup stock when it breaks $4.00 and if Citi closes over $4.00, I will continue to hold for a retest of the major resistance area between $4.41-$4.48. A close over $4.48 and I think Citi will trade back up to the $5-$6 range. On the downside...I am watching the 50 day moving average closely, if Citigroup closes below this level I think a retest of $3 and below would be likely. For more Technical Analysis - Go Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Citigroup Stock Group
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
