The following is Citigroup Inc. ( C ) stock technical analysis for April 25, 2011
Citigroup Inc (NYSE:C) Support & Resistance Levels - 4/25/11
Citigroup Inc (NYSE:C) Support & Resistance Levels - 4/25/11
Citigroup Inc. (C) stock traded all day in the $4.50's. Citigroup Inc is now making a run back towards the 50 day moving average. Citigroup will have support at the 200 day moving average now ($4.36). I continue to think you can start buying C stock around $4.40 for the long term. Citigroup is a strong buy below $4.40.
Citigroup will start a new uptrend when the stock closes back above the 50 day moving average. Citigroup Inc should keep a premium now that the Government is out of the stock. Also something to keep in mind, Citigroup will be doing a 1:10 reverse stock split in May 2011. Citigroup will also be bringing back their dividend as well.
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Citigroup Inc (NYSE:C) - Latest News - Citigroup Inc. reports 1st quarter 2011 earnings
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Citigroup Inc (NYSE:C) - Latest News - Citigroup Inc. reports 1st quarter 2011 earnings
Citigroup Inc given $5.20 price target