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  • Citigroup Inc. (NYSE:C) is in Strong Bullish Territory after heavy Sell Off

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    Monday June 6, 2011 at 09:06 pm EST
     
    Citigroup Inc. (NYSE:C) is in Strong Bullish Territory after heavy Sell Off
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    Shares of Citigroup Inc. (NYSE:C) closed at $38.07 dropping more than 4% on Monday on fears of downgrade by Moody's. There are no major support levels for Citigroup Inc. (NYSE:C) below Today's close. Major resistance levels above $39.85 are at $39.81, $41.28, $42.74, $44.21 and $45.12. Investors are highly negative on Financial stocks currently after poor Job data.

    Citigroup Inc. (NYSE:C) touched low of $37.90 Today before closing at $38.07. Markets. Citigroup is believed to be among the very first contenders to get a downgrade by Moody's. Investors are also fearing another recession following the 2007-09 recession. Citigroup Inc. (NYSE:C) looks highly bullish for Tuesday due to heavy selling since last few trading sessions.


    Shares of Citigroup Inc. (NYSE:C) have dropped more than 15% in one month and are currently without any support. Tuesday can be a day of relief with a positive statement from Moody's.


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