By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for June 2, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 6/2/10
Resistance Levels: $4.05, 4.27, $4.37
Support Levels: $3.80, $3.73
Chart - http://www.stockcharts.com/
Support Levels: $3.80, $3.73
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) topped out at $4.07 recently which was right at the 200 day moving average. Citigroup Inc is now pulling back and might retest the key support level of around $3.80 which is near the 10 day moving average. If Citigroup falls below the 10 day, we could see some additional selling pressure but for the most part, I feel the severe selling is over. I would be a buyer of Citigroup on a close back above the 200 day moving average located at $4.05.
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