By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for September 1, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 9/1/10
Resistance Levels: $3.80, $3.94, $4.00
Support Levels: $3.62, $3.53
Support Levels: $3.62, $3.53
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) is back above the 10 day moving average this morning. Citigroup Inc enters September on a positive technical note which I think will be very good for the stock. On the upside, Citigroup will have resistance located the 200 day moving average ( $3.88 ) followed by the 50 day moving average ( $3.94 ). If Citigroup can rip through these levels and close above $4.00, I think it can rally back into the $4.20's. Citigroup has support on the downside located at $3.70 followed by $3.62. C remains a strong buy below $3.80.
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