Citigroup Inc (NYSE:C) Support & Resistance Levels - 1/12/11
Support Levels: $5.00, $4.86
Citigroup Inc. (C) closed above $5.07 and traded up to $5.11 in afterhours Wednesday night. Citigroup Inc will now have resistance located up at $5.54 as well as $5.50. Since Citigroup closed above a key resistance level and I think C Stock can rally back and retest $5.43 soon. Citigroup will continue to do well now that the Govenment has sold their stake in the company. The Govenment still owns Citigroup Inc warrants however. Also something to keep in mind, Citigroup can do a reverse split at anytime. The Citigroup board of directors has already approved this.
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