The following is Citigroup Inc. ( C ) stock technical analysis for April 14, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 4/14/10
Resistance Levels: $4.70, $5.00
Support Levels: $4.20, $4.00, $3.90
Support Levels: $4.20, $4.00, $3.90
Citigroup Inc (NYSE:C) is trading at $4.67 in pre market this morning. The stock closed down for the first time in 8 trading sessions. Resistance is still located at $4.70. 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. This has been quite the run but we are starting to see overbought condition. Earnings are due out in less then a week.
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