Citigroup Inc (C:NYSE) Support & Resistance Levels - 2/18/10
Resistance Levels: $3.44, $3.60, $3.70
Support Levels: $3.20, $3.11, $3.07, $3
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Citigroup Inc. (NYSE:C) hit the 50 day moving average on Wednesday but failed to close above it. This is a moving average Citigroup hasn't closed above since mid October. Tomorrow, the 50 day should come down to about $3.43. I will be buying Citigroup again when the stock closes above this level. Pullbacks to $3.25 are now a strong buy.
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