By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for July 20, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 7/20/10
Resistance Levels: $4.30, $4.35
Support Levels: $3.80, $3.62
Support Levels: $3.80, $3.62
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) had a nice relief rally on Monday and managed to close back above two of the three major moving averages. Citigroup Inc appears to be carving out a nice base just above $3.80 now but if the stock would trade down to $3.60, I'd be a buyer. Citigroup Inc has resistance located between $4.30-$4.35. If the stock can close above these two levels, I think it will really rip 8-12% soon after. Citigroup is my top stock pick as far as financials go right now.
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