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Wednesday, October 7, 2009

Citigroup Inc C Stock Analysis 10/8/09

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for October 8, 2009

Citigroup Inc (C:NYSE) Support & Resistance Levels - 10/8/09

Resistance Levels: $4.80 $4.84, $4.99 $5.02

Support Levels: $4.59, $4.30, $4.25




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Citigroup Inc (C:NYSE) continues to trade along with the 10 day moving average. A close back below this level would spark a possible retest of the 50 day moving average ( $4.33 ) in which I'd be a buyer. A close below the 50 day moving average would be bearish and I would avoid the stock. As soon as Citigroup can close over the $4.80 resistance level, I will buy the stock aggressively. For more Technical Analysis - Go Here

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