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

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    Tuesday June 28, 2011 at 12:51 pm EST
    Citigroup Inc. (NYSE:C) and Bank of America Corp. (NYSE:BAC) looking for direction. 
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    Shares of Citigroup Inc. (NYSE:C) are trading at $39.80 below the resistance level of $40.26. Citigroup Inc. (NYSE:C) is looking for direction Today. It starter the day in green shifting to red zone soon after. Major resistance levels above $39.80 are at $40.26, $41.38, $44.2, and $45.1. Investors bet on a better turn for the Greek-debt crisis after France's plan for resolving the country's debt problems by reinvesting half the proceeds from maturing bonds into 30-year bonds got a favorable response from German banking associations.

    Bank of America Corp. (NYSE:BAC) is trading at $10.81 at strong support level of $10.56. Bank of America Corp. (NYSE:BAC) has continued their downward trend for 2011, down 0.46% today and 19.04% for the year. Major Resistance levels for Bank of America Corp. (NYSE:BAC) above current price are at $11.26, $11.76, $12.3, $12.67 and $13.2. There are no major support levels below this price.

    Bank regulators warned banks Today to be on guard against increasingly clever computer hacking on Tuesday, indicating heightened alert against security breaches that have plagued government and corporate institutions in recent weeks.

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