Citigroup Inc C Stock 2/1/10 February 1, 2010

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for February 1, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 2/1/10

Resistance Levels: $3.60, $3.66, $3.70

Support Levels: $3.20, $3.13, $3.00

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Citigroup (NYSE:C) closed just above the 10 day moving average on Friday amidst crappy stock market conditions. Citigroup stock appears as though it has bottomed due to a lower high at $3.14 which was bullish. There is now a strong double bottom in place between $3.13-$3.14 and I still think this area will hold on a closing basis. If Citigroup closes back below $3.13, expect a flood of selling to hit the stock. On the upside, I now think the stock could retest the 50 day moving average currently located at $3.66 but falling.

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General Electric GE Stock Analysis February 2010

GE Stock Chart - The following is technical analysis of General Electric ( GE ) stock for February 1, 2010

General Electric Co. Support & Resistance Levels - 2/1/10

Resistance Levels: $16.94, $17.41

Support Levels: $15.91, $15

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General Electric Co. (GE) remains very strong during this recent stock market sell off. The stock is finding resistance around the 10 day moving average but is also finding support just above the 50 day moving average. As long as General Electric stays above the 50 day, I like the stock in the short term. As for the longer term, I feel GE can get back to $22-$25 toward the end of 2010. I'd be a buyer of any pullbacks under $15 if the opportunity presented Itself.

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