Citigroup Inc C Stock Analysis - Citigroup Hitting Resistance Now

Shares of Citigroup Inc (C) closed at $3.85 which was the high of the day.  Citigroup Inc will now face resistance located at $4.00 but that is a make or break level going forward.  Before the plunge down into the $3.60's, Citigroup bounced off $4.00 several times and rallied back into the $4.20's.  Citigroup then failed $4.00 and could not get back above this level.

A lot will be riding on the financials over the next few days.  You have to like to nice move out of Bank of America Corp (BAC) today.  Bank of America ripped through $13 no problem.  This bodes well for Citigroup over the next week.

Watch $4.00 on Citigroup!  The stock remains a buy below $3.80

Tim - http://daytradingstockblog.blogspot.com