By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for April 19, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 4/19/10
Resistance Levels: $5.00, $5.43, $6.00
Support Levels: $4.55, $4.40
Support Levels: $4.55, $4.40
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) got crushed on Friday but did everything right technically. Citigroup Inc held $4.40 support and then bounced back to close above the 10 day moving average. It is to early to tell if there is additional downside yet but earnings are due out next week. If Citigroup closes back above $5.00, it is a strong buy going forward. I would then expect the stock to retest the $5.43 52 week high.
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