Citigroup Inc (C:NYSE) Support & Resistance Levels - 11/30/09
Resistance Levels: $4.31, $4.39, $4.61, $5.00
Support Levels: $4.00, $3.80
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Citigroup Inc (NYSE:C) tanked on Friday as the company has about 1.6 billion in exposure to the Dubai Debt crisis. The stock managed to close above $4 but has been very weak lately. I plan to add to my long position when Citigroup closes back over the $4.31 resistance level. Things won't really get better for Citigroup until the stock closes back above the 50 day moving average ( currently $4.38 ).
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