By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for May 14, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 5/14/10
Resistance Levels: $4.27, $4.37, $4.48
Support Levels: $4.00, $3.90
Support Levels: $4.00, $3.90
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) is falling back to the 200 day moving average for another retest it looks like. Citigroup Inc is trading at $4.02 in pre market so while the day is still early, we could be looking at a lot more weakness to come. Keep an eye on $3.90, a close below this level would be bearish for the short term but will turn out to be an outstanding buy for the long term. Citigroup will turn high when it closes back above the 10 day moving average.
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