The following is Citigroup Inc. ( C ) stock technical analysis for April 12, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 4/12/10
Resistance Levels: $4.60, $4.70, $5.00
Support Levels: $4.20, $4.00, $3.90
Support Levels: $4.20, $4.00, $3.90
Citigroup Inc (NYSE:C) came close to my $4.60 target on Friday and will face stiff resistance between $4.60-$4.70 on Monday. If Citigroup Inc were to close above $4.70, I think we could see a rally back to $5.00 which I believe will fail as investors take profits. Pullbacks to the 10 day moving average are a buy.
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