By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for August 26, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 8/26/10
Resistance Levels: $3.80, $4.00
Support Levels: $3.62, $3.53
Support Levels: $3.62, $3.53
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) continued the recent downtrend on Wednesday but didn't really bounce going into the close. Citigroup Inc has resistance located at $3.80 which was prior resistance and where the 10 day moving average is located. Citigroup needs to get back above this level to stage any sustainable rally. Support is located at $3.62, as long as Citigroup holds this level, I view this pullback as a buy.
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