By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for May 17, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 5/17/10
Resistance Levels: $4.15, $4.37, $4.48
Support Levels: $3.90, $3.80, $3.60
Support Levels: $3.90, $3.80, $3.60
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) closed below the 200 day moving average on Friday but managed to remain above the $3.90 support level. Citigroup Inc must hold $3.90 or we will see major selling pressure hit this stock. The next support level I'd be watching would be $3.80 followed by $3.60. Wait until Citigroup Inc closes back above the 10 day moving average to buy (currently $4.15).
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