By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for August 3, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 8/3/10
Resistance Levels: $4.27, $4.30, $4.35, $4.63
Support Levels: $4.00, $3.90, $3.62
Support Levels: $4.00, $3.90, $3.62
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) continues to bounce off the 10 day moving average but fail between $4.30- $4.35. Citigroup Inc is trading above all three major moving averages and the 50 day has broken above the 200 day moving average last week. Citigroup is now a strong buy below $4.00. When Citigroup closes above $4.35, I expect the stock to run back in the $4.60's and beyond.
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