Resistance levels: $5.43, $5.10, $5.00
Support levels:$4.70, $4.40
Citigroup (NYSE:C) has provided nice earning surprise, reporting a surprise first-quarter profit as trading revenue offset losses from failed loans. Citigroup says it earned $4.4 billion after payment of preferred dividends.Citigroup stock will also decide the momentum in the market from now on. Most analyst expect Citigroup to declare better earnings and hopefully improved outlook for 2010. Jim Cramer and other analyst are recommending a BUY on Ctigroup stock with target price at $7.50. Share of Citigroup Inc. closed again 6 months high which is bullish, C is now nearing the resistance zone between $5-$5.20.C is short term over bought may be some pull back here. Stock close over $4.60 which is very bullish.Next support will be $4.20 level. But some point stock may be pull back.
Good Luck .. Trade Smart!
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