The following is a little Citigroup ( C ) stock technical analysis for March 26, 2009.Citigroup Support & Resistance Levels - 3/26/09
Resistance Levels: $3.35, $3.89
Support Levels: $2.85, $2.65, $2.40
Citigroup ( C ) stock closed over the 50 day moving average for the 3rd straight day yesterday, something that hasn't happened since Sept 2008. The 10 and 50 day moving average are both coming together so the volatility will decrease before the next major move. Yesterday's low was $2.67 so this is where I would put my stop loss order. Citi also has solid support at $2.40. As for resistance, a close above $3.35 would take Citi back to retest the $3.89 high. A break above $3.89 would take Citi up to $4.32. If Citigroup can close over $4.32, there is no resistance until around $6.25.
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