By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for April 23, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 4/23/10
Resistance Levels: $5.00, $5.43, $6.00
Support Levels: $4.78, $4.40
Support Levels: $4.78, $4.40
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) traded lower on Thursday after as the financial stocks came under pressure. Citigroup Inc has support located at the 10 day moving average ( currently $4.78 ). If we see a close below this level, I think the stock will trade sideways for awhile but based on the recent earnings, the downside is very limit. Keep an eye on $5.00, when Citigroup closes above $5.00, I see the uptrend continuing toward a new 52 week high.
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