Citigroup Inc C stock technical analysis for October 25, 2010
Support & Resistance Levels - 10/25/10
Resistance levels: $4.19, $4.16, $4.13
Support levels: $4.08, $4.06, $4.03
Citigroup Inc is rebound from low $4 in good market. Stock is trading in pre market $4.25 because Goldman Added to Goldman Conviction Buy List with $5.50 target.The stock closed near high of the day am watching the stock on Thursday, and will be buying once the stock breaks through Monday’s high of $4.20. Citigroup could be a good stock for medium-term investment, based on its historical performance and from the technical indicators. Let's keep an eye on it. Citigroup Inc has resistance located between $4.20-$4.30 so expect the stock to stall near that area. Stock is remains a solid long term buy below $4.00 and a strong buy below $3.80.I will keep on eye on it.
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