By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for June 1, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 6/1/10
Resistance Levels: $4.05, 4.27, $4.37
Support Levels: $3.80, $3.73
Chart - http://www.stockcharts.com/
Support Levels: $3.80, $3.73
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) failed to close above the 200 day moving average for the second straight day which is slightly bearish. Citigroup Inc has support located at $3.95 and $3.80 on the downside. Any pullbacks below $3.80 are a strong buy. When Citigroup Inc does close back above the 200 day moving average, I expect the 50 day moving average to be retested. Long term, Citigroup is a solid buy below $4.00 but short term, there may be additional downside.
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