By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for June 7, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 6/7/10
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) closed back below the 10 day moving average on Friday as the stock market tanked. Citigroup Inc has support down at $3.70 but then nothing until around $3.53. In my book, Citigroup Inc is a strong buy anywhere below $3.80 and when this market turns around, will probably run back to $4.50-$5 per share.
For a lower risk trade, wait to buy Citigroup on a close above the 200 day moving average located at $4.05. Citigroup failed at this level earlier in the week and is now a huge resistance level going forward.
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