By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for June 8, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 6/8/10
Resistance Levels: $3.80, $4.05, $4.27, $4.37
Support Levels: $3.60, $3.53, $3.40
Chart - http://www.stockcharts.com/
Support Levels: $3.60, $3.53, $3.40
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) continues to pull back with the stock market but should find support between $3.50-$3.60. If Citigroup Inc fails $3.50, I could see it dropping to $3.40 but then all the way down to the double bottom from early 2010 located at $3.11-$3.13
Citigroup Inc remains a strong long term buy below $3.80 in my opinion. I am expecting the stock to rally back to $4.50 later this year.
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