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Wednesday, February 24, 2010

Citigroup Inc C Stock 2/24/10 February 24, 2010

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for February 24, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 2/24/10

Resistance Levels: $3.60, $3.70, $3.77

Support Levels: $3.33, $3.20, $3.11


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Citigroup Inc. (NYSE:C) is trading at $3.37 in pre market this morning as the futures are indicated higher. Citigroup broke down through the 50 day moving average but should hold the 10 day moving average. By the end of the week, the 10 day will be breaking back up through the 50 day which is a bullish technical indicator. Citigroup remains in bottoming mode right now and I expect the $3.11-$3.14 bottom to hold.

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