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Monday, October 12, 2009

Citigroup Inc C Stock Technical Analysis

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for October 13, 2009

Citigroup Inc (C:NYSE) Support & Resistance Levels - 10/13/09

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

Support Levels: $4.66, $4.42


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Citigroup Inc (C:NYSE) is back testing the $4.80 resistance level and appears to be breaking through in afterhours tonight. All that really matters is the close however.......a close over $4.80 and $4.84 would be very bullish and a sign of a trend reversal. I would then expect $5 to be retested as we head into earnings on Thursday. I would be a strong buyer of a retest of the 50 day moving average from now on. For more Technical Analysis - Go Here


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