By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for May 21, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 5/21/10
Resistance Levels: $3.80, $4.00, 4.10, $4.37
Support Levels: $3.60, $3.41
Support Levels: $3.60, $3.41
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) has now pulled back to the $3.60 support level which provided a small bounce on Thursday. Citigroup Inc is due for a bounce back to atleast the 10 day moving average but with the overall stock market falling rapidly, who knows how long this stock will go. Citigroup has tangible book value of around $4.05 per share and I think once we see the Government finish selling, we will see a recovery. I love this stock for the long term below $3.80 so it is a strong buy!
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