Citigroup (C) NewsBite - C Posts $4.3 Billion Profit

Posted: Friday, July 17, 2009 11:30 AM EDT

Citigroup (C) was covered in a Bloomberg Video Report today and the stock is now at $3.04, up $0.01 (0.33%) on volume of 213,896,352 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 $.97 to a high of $23.50. Citigroup stock has been showing support around $2.89 and resistance in the $3.27 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 December out-of-the-money bull-put credit spread below the 2 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (C)