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Thursday, September 23, 2010

Citigroup Inc (C) Stock Analysis 9/23/10

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for September 23, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 9/23/10

Resistance Levels: $4.00, $4.20

Support Levels: $3.86, $3.62, $3.53

Citigroup Inc (NYSE:C) broke the $3.90 level on Wednesday and closed at $3.88. Citigroup Inc has support located at $3.80 which must hold or the stock could drop back into the $3.60's. Citigroup Inc would then be a solid buy. On the upside, Citigroup failed to close above $4.00 several times during the past five days. When Citigroup closes back above $4, a run back into the mid $4's can occur.

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