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Monday, November 16, 2009

Citigroup Inc C Stock Analysis - 11/17/09

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for November 17, 2009

Citigroup Inc (C:NYSE) Support & Resistance Levels - 11/17/09

Resistance Levels: $4.25, $4.28, $4.31, $4.43

Support Levels: $4.00, $3.80, $3.57


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Citigroup Inc (C:NYSE) failed at $4.28 Monday and closed at It's low of the day after Meredith Whitney came out with bearish comments on the banks late in the trading day. $4.28 was the high last Wednesday and is a resistance level that needs to be broken to resume this current uptrend. Another key resistance level continues to be located at the 50 day moving average ( $4.43). As soon as Citigroup closes over both of these levels, I believe the stock will have another shot at retesting $5.00. For more Technical Analysis - Go Here


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