By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for July 25, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 7/25/10
Resistance Levels: $4.12, $4.30, $4.35
Support Levels: $3.90, $3.62
Support Levels: $3.90, $3.62
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) is starting to form a nice base above $4.00 but failed to participate in Friday's rally. Citigroup Inc is hitting some stiff resistance located at the 10 day moving average but I think once the stock breaks $4.12 again, it should move higher. The next major resistance after $4.12 for Citigroup is located between $4.30-$4.35.
On the downside, Citigroup Inc has support around $3.90 but if the stock closes below this level, it could dip down to $3.70-$3.80. I'd be a buyer of Citigroup in this zone for the long term.
On the downside, Citigroup Inc has support around $3.90 but if the stock closes below this level, it could dip down to $3.70-$3.80. I'd be a buyer of Citigroup in this zone for the long term.
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