Citigroup Inc (C:NYSE) Support & Resistance Levels - 12/29/09
Resistance Levels: $3.44, $3.58, $3.71, $3.80
Support Levels: $3.26, $3.13, $3.07
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Citigroup Inc. ( NYSE:C) surged in the final hour of trading on Monday. The stock is now testing the 10 day moving average currently located at $3.41. A close over this level would be very bullish and signal a short term trend change. Citigroup hasn't closed above the 10 day moving average since falling below this level when it was trading at $4.20. I am also watching the high from last week at $3.44. If Citi breaks above this level, I will be buying the stock.
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