By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for May 12, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 5/12/10
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 trading at $4.21 this morning as the stock market futures are higher. Citigroup Inc is still trapped below the 10 & 50 day moving averages which is bearish for the short term. However, I think the stock has limited downside, all pullbacks to $4 or below have been bought heavily. Expect Citigroup Inc to move higher on a break above $4.37.
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