By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for January 19, 2011
Citigroup Inc (NYSE:C) Support & Resistance Levels - 1/19/11
Citigroup Inc (NYSE:C) Support & Resistance Levels - 1/19/11
Resistance Levels: $5.00, $5.18
Support Levels: $4.59
Chart - http://www.stockcharts.com/
Citigroup Inc. (C) fell for the 2nd straight day on Wednesday and appears as though the stock will test the 50 day moving average soon ( currently $4.59 and rising ). Citigroup Inc will now have resistance located at $5.00 followed by $5.10. Citigroup has support down at $4.60. I can't see C stock falling below $4.60 but if it does, I will be looking to get back in.
Chart - http://www.stockcharts.com/
Citigroup Inc. (C) fell for the 2nd straight day on Wednesday and appears as though the stock will test the 50 day moving average soon ( currently $4.59 and rising ). Citigroup Inc will now have resistance located at $5.00 followed by $5.10. Citigroup has support down at $4.60. I can't see C stock falling below $4.60 but if it does, I will be looking to get back in.
Citigroup will continue to do well now that the Govenment has sold their stake in the company. The Govenment still owns Citigroup Inc warrants however. Also something to keep in mind, Citigroup can do a reverse split at anytime. The Citigroup board of directors has already approved this.
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Citigroup Inc (NYSE:C) - Latest News - Government exits Citigroup Inc common stock in December 2010
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Citigroup Inc (NYSE:C) - Latest News - Government exits Citigroup Inc common stock in December 2010
Citigroup Inc given $5.20 price target
