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Friday, October 15, 2010

Citigroup Inc. (C) Stock Falling on Heavy Volume

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for October 15, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 10/15/10

Resistance Levels: $4.30, $4.55

Support Levels: $4.00

Citigroup Inc (NYSE:C) is falling back below $4.00 this morning as the financials are weak. Citigroup Inc has support located at $3.90 and then $3.80 which should hold. If Citigroup Inc would fall below $3.80, I believe it would represent an excellent long term buying opportunity. Citigroup has now formed a double top located at $4.30.

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Citigroup Inc (C)
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