Citigroup (C) NewsBite - C Is On the Move

Posted: Thursday, September 17, 2009 10:23 AM EDT

Citigroup (C) appears to be on the move today and is now at $4.35, up $0.15 (3.57%) on volume of 148,217,344 shares traded. Over the last 52 weeks the stock has ranged from a low of $0.97 to a high of $23.50. C was covered in a Lee Allen report today. To read the report, and see what Lee thinks about the current state of the economy, go to www.marketintelligencecenter.com/la091709 . Citigroup stock has been showing support around $4.06 and resistance in the $4.38 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 a January covered call above the 4 range. [ABR-Seven Summits Strategic Investments NewsBite]

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