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Wednesday, April 28, 2010

Citigroup Inc C Stock April 28, 2010 4/28/10

By Tim -

The following is Citigroup Inc. ( C ) stock technical analysis for April 28, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 4/28/10

Resistance Levels: $4.41, $4.78. $5.00

Support Levels: $4.20, $4.00

Citigroup Inc (NYSE:C) broke down and closed below $4.41 support on Tuesday. As I have been saying, I think pullback is a strong buy. Citigroup Inc reported a solid earnings report last week but the news that the Government is selling is old news. If you want to greatly avoid more downside risk, wait to buy Citigroup Inc when it closes back above the 10 day moving average. This has proven, in the past, to be a great buying strategy.

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