Monday, May 3, 2010

Citigroup Inc C Technical Analysis

Citigroup Inc C Technical Analysis - 05/04/2010

Resistance levels: $4.61, $4.49

Support levels:$4.20, $4.03  



Citigroup (NYSE:C) share trading under all moving average.Stock next key support $4.20 area after that will $4 level.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 $4.79-$5.C is short term pull back here. Stock close over $4.60 which is very bullish.Next support will be $4.20 level that will good buying opportunity.

Good Luck .. Trade Smart!

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