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  • Major Big Caps to Watch - Citigroup Inc., Bank of America corp., Apple Inc.

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    Tuesday Dec. 14, 2010 at 12:02 pm EST
    Big Cap Stocks in Focus Today  
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    Shares of Citigroup Inc.(NYSE:C) are holding strong after Government selling Citigroup shares. Shares of Citigroup Inc. (NYSE:C) are trading 1% down Today at $4.76. There are not any resistance levels above the current price for Citigroup Inc. (NYSE:C). The support levels for Citigroup Inc. below Monday's close are at $4.47, $4.24, $4.14, $3.95, $3.83 and $3.7. In an announcement yesterday Citigroup Inc. (NYSE:C) announced that its Global Transaction Services unit has received a number of prestigious industry awards for its hedge fund services capabilities. HFMWeek U.S. Awards cited Citigroup Inc. as “Best Administrator for Middle Office” in 2010 – the second year in a row that Citi has received this accolade.

    Shares of Bank of America Corp. (NYSE:BAC) dropped 2 % on Monday after continuous gains last week. Shares of Bank of America Corp. (NYSE:BAC) were trading at $12.51 in the pre market which is a strong resistance level. In the regular hours, shares seem to be sluggish at almost no change. The resistance levels above for Bank of America Corp. (NYSE:BAC) are $13.25, $13.66, $14.06 and $15.26. Major support levels for Bank of America Corp. (NYSE:BAC) below Friday's closing price are at $11.81, $11.45 and $11.1. Bank of America Corp. (NYSE:BAC) announced today that BofA Merrill Lynch Launches eFX Trading Platform For Options.
    Shares of Apple Inc. (NASDAQ:AAPL) closed at $321.67 on Monday at resistance level of $320.6. Apple Inc. (NASDAQ:AAPL) shares are gaining new highs and lack any major resistance levels above this price. Support points for Apple Inc. (NASDAQ:AAPL) below Monday's closing are at $309.5, $302.7, $288.7, $268.7, $259, and $250.6. As reported in Barrons, BMO Capital’s Keith Bachman in a note to clients reiterated a Buy rating on the shares and raised his price target to $355 from a prior $330.

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