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Thursday, May 27, 2010

Citigroup Inc C Stock May 27, 2010 5/27/10

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for May 27, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 5/27/10

Resistance Levels: $4.05, 4.27, $4.37

Support Levels: $3.80, $3.73

Chart - http://www.stockcharts.com/


Citigroup Inc (NYSE:C) is trading above $4.00 today as the futures are higher and the fact that there were several upgrades over the past three days. Citigroup Inc will have resistance at and above the 200 day moving average currently located at $4.05. If Citigroup Inc can close above this level, I think it could retest the 50 day which is at $4.27. Pullbacks below $3.80 are now a strong buy going forward.

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