Citi group Inc C Resistance, pivot & Support Levels - 05/06/2011
Resistance levels: $4.56, $4.53, $4.50
Pivot point: $4.48
Support levels: $4.45, $4.43, $4.40
Share of Citigroup Inc.(C) is trading $4.40-$4.60 last few days. Citigroup will have support at the 200 day moving average now ($4.46).Citigroup Inc will have resistance level now $4.62-$4.70. If C has next support level $4.30 which is good buying opportunity for long term. I think time to buy long term buy stock so if if market get correction, stock is buy under $4.30.Also something to keep in mind, Citigroup will be doing a 1:10 reverse stock split in May 2011.
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