By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for May 24, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 5/24/10
Resistance Levels: $3.94, $4.00, 4.10, $4.37
Support Levels: $3.53, $3.41
Support Levels: $3.53, $3.41
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) hit a low of $3.53 on Friday and then staged a huge rally. Citigroup Inc is due for a bounce back to atleast the 10 day moving average but with the overall stock market in sell mode, who knows how low this stock will go. Citigroup has a 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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