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Tuesday, October 20, 2009

Citigroup Inc C Stock Technical Analysis

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for October 21, 2009

Citigroup Inc (C:NYSE) Support & Resistance Levels - 10/21/09

Resistance Levels: $4.63, $4.68, $5.00

Support Levels: $4.31, $4.15, $3.80



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Citigroup Inc (C:NYSE) closed the 50 day moving average for the first time in three months. We also haven't seen 4 straight down days in over three months. The next support level to watch out for would be $4.31 which was the low this month so far. If the $4.31 area doesn't hold, look for $4.15-$4.20 to be a solid support level. I will be adding to my Citigroup long position when the stock closes back over the 10 day moving average ( currently at $4.68 ). I will really buy huge when Citigroup breaks through the double top at $5.00. For more Technical Analysis - Go Here

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