The following is a little Citigroup ( C ) stock technical analysis for April 27, 2009Citigroup Support & Resistance Levels - 4/27/09
Resistance Levels: $3.43, $4.00, $4.48, $5.00
Support Levels: $3.00, $2.61, $2.43, $2.25
Citigroup stock is trading back under the 10 day moving average but the fact that the 10 day is over the 50 day moving average makes this less bearish. Pullbacks to the 50 day moving average continue to be bought heavily. The bullish thing about Citi stock right now is the volume. When Citigroup goes up, the volume has been strong. When Citigroup starts to fall or go sideways, the volume dies down....this is bullish.
I would be putting a stop at $3.00 on the downside since Citi has been holding it over the last few days. On the upside, keep an eye on $3.37-$3.43...a break up above that level and its back to $4.00 For More Technical Analysis - Go Here
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