The following is Citigroup Inc. ( C ) stock technical analysis for August 29, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 8/29/10
Resistance Levels: $3.80, $4.00
Support Levels: $3.62, $3.53
Support Levels: $3.62, $3.53
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) held the $3.62 support level last week and rallied into the close on Friday. Citigroup Inc closed just shy of the 10 day moving average located at $3.77 which is the current resistance level. If Citigroup Inc can close above this level, I think the stock can run back up to test the 200 day moving average located at $3.88. Citigroup will have additional resistance after $3.88 located at $3.95 & $4.00. Citigroup remains a solid long term buy below $3.80
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