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Friday, June 11, 2010

Citigroup Inc C Stock Analysis June 11, 2010

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for June 11, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 6/11/10

Resistance Levels: $4.02, $4.22, $4.37

Support Levels: $3.60, $3.53, $3.40

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

Citigroup Inc (NYSE:C) closed above the 10 day moving average for the second straight day on Thursday which is bullish. Citigroup Inc looks like it formed a double bottom located between $3.53-$3.62. As I have been saying for weeks now, pullbacks below $3.80 were a strong buy and continue to be. Citigroup Inc now has resistance located at $4.04 & $4.22

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