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

Posted on Monday, September 29, 2008 1:27 PM

Citigroup (C) was covered in a Bloomberg Video Report today and the stock is now at $20.16, up $0.01 (0.05%) on volume of 116,041,088 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 $12.85 to a high of $48.95. Citigroup stock has been showing support around $17.30 and resistance in the $21.84 range. Technical indicators for the stock are bullish and S&P gives C a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on C the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]