Citigroup (C) NewsBite - C Covered In Bloomberg Video Report Today

Posted on Monday, August 04, 2008 11:34 AM

Citigroup (C) was covered in a Bloomberg Video Report today and the stock is now at $18.10, down $.77 (-0.04%) on volume of 25,086,144 shares traded. To see the video report go to http://www.marketintelligencecenter.com/VideoNews . Over the last 52-Weeks the stock has ranged from a low of $14.01 in July to a high of $49.90 in August of last year. Citigroup stock has been showing support around $17.71 and resistance in the $19.65 range. Technical indicators for the stock are neutral and S&P gives C a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on C the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]