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) is trading at $3.88 in pre market this morning as the futures are higher. Citigroup Inc held the 10 day moving average on Tuesday which is technically bullish. Citigroup Inc will face resistance located at the 200 day moving average on any bounce. A close above the 200 day moving average would spark a buy signal and I think we will see a retest of the 50 day located at $4.27. I would be buying pullbacks below $3.80 for the long term.
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