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Thursday, May 13, 2010

Citigroup Inc C Stock 5/13/10 May 13, 2010

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for May 13, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 5/13/10

Resistance Levels: $4.27, $4.37, $4.48

Support Levels: $4.00, $3.90


Citigroup Inc (NYSE:C) is trading at $4.13 this morning as the stock market futures are flat. Citigroup Inc is still trapped below the 10 & 50 day moving averages which is bearish for the short term. However, I think the stock has limited downside, all pullbacks to $4 or below have been bought heavily. Expect Citigroup Inc to move higher on a break above $4.37.

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