By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for May 26, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 5/26/10
Resistance Levels: $3.86, $4.00, 4.10, $4.37
Support Levels: $3.53, $3.41
Chart - http://www.stockcharts.com/
Support Levels: $3.53, $3.41
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) hit a low of $3.56 on Tuesday which means the stock was able to hold $3.53. This is a huge deal. Citigroup Inc will now have resistance at and just above the 10 day moving average located at $3.86. If Citigroup Inc can close above this level and hold it, I think we are headed back to the 200 & 50 day moving averages.
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