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  • Citigroup Inc. (NYSE:C) and Bank of America Corp. (NYSE:BAC) Stock Report

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    Tuesday June 14, 2011 at 10:05 am EST
    Citigroup Inc. (NYSE:C) and Bank of America Corp. (NYSE:BAC) Stock Report
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    Shares of Citigroup Inc. (NYSE:C) are trading at $39.36 just below the support level of $40.3. Citigroup Inc. (NYSE:C) stock is heavily oversold and the only support level below is at $37.8. Major resistance levels above $39.36 are at $40.32, $41.28, $42.74, $44.21 and $45.12. Investors are highly negative on Financial stocks on fears of Double dip pin the recession and Bernanke's comments made it worst.

    Bank of America Corp. (NYSE:BAC) shares are trading at $11.06 this morning on a moderate 0.8% gain. Bank of America Corp. (NYSE:BAC) is also near its 52 week low and the only support level below this price is at $10.66. Major Resistance levels for Bank of America Corp. (NYSE:BAC) above current price are at $11.26, $11.76, $12.35 and $13.2.

    Bank of America Corp.(NYSE:BAC) and Citigroup Inc. (NYSE:C) both look like a great buy at current price. With Election campaigns starting already, Obama will try his best to improve the economy. The stocks might also rise if the early  polls will suggest a republican government which is considered good for businesses usually. But as I am not an expert on politics, I will eave this on you to decide. Comments please.

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    4)Citigroup Inc. (NYSE:C) is in the Oversold Territory


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