By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for June 4, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 6/4/10
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 now trapped between the 10 & 200 day moving averages. Citigroup Inc has resistance located between $4.05-$4.07 with support between $3.80-$3.85. I will be a buyer of Citigroup Inc below $3.80. If you are looking for a less risky trade, wait to buy Citigroup when it closes back above the 50 day moving average located at $4.26. Stock that regain all three major moving averages tend to start a new uptrend.
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