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

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    Thursday Dec. 16, 2010 at 09:39 am EST
     
    Big Cap Stocks in Focus Today  
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    Shares of Citigroup Inc.(NYSE:C) dropped 2.5% on Wednesday continuing the drop from Tuesday. Shares of Citigroup Inc. (NYSE:C) closed at $4.59 just below the resistance level of $4.74. There are not any other resistance levels above the current price for Citigroup Inc. (NYSE:C). The support levels for Citigroup Inc. below Tuesday's close are at $4.47, $4.23, $4.15, $3.91 and $3.8. Citigroup Inc. (NYSE:C) announced on 13th of December that its Global Transaction Services unit has received three industry awards for its hedge fund services efficiency.

    Shares of Bank of America Corp. (NYSE:BAC) dropped 11 cents on Wednesday to close at $12.29 near the resistance level of$12.5. The resistance levels above for Bank of America Corp. (NYSE:BAC) are $13.13, $13.49, $14.05 and $15.54. Major support levels for Bank of America Corp. (NYSE:BAC) below Friday's closing price are at $11.94, $11.59 and $11.12. On Tuesday, Bank of America Corp. (NYSE:BAC) Merrill Lynch Global Research forecasts that 2011 will be a year of modest global GDP growth and excess liquidity that will translate into higher global equity prices, led by the U.S. and emerging markets, modest returns from fixed-income assets, a stronger U.S. dollar and another positive year for commodity prices.

    Shares of Apple Inc. (NASDAQ:AAPL) closed at $320.36 on Wednesday at resistance level of $320.7. 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 Wednesday's closing are at $309.5, $302.6, $288.3, $267.9, $259, and $250.3. San fransisco Chronicle reported a prediction on Tuesday that if Verizon gets iPhone is 2011, Apple can sell at least 10 million iPhones in the first year generating $6 billion or more of incremental revenue for Apple.


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