Citigroup has finally broke through the $3.70 resistance levels and closed at $3.87 post market. Hopefully this means a support level at around $3.85 and it can try to push the $4.00 barrier.
March 16th should be interesting when the Treasury can start to sell its 27% stake in the company. Any revivials in stock price should come after that.
Jim Cramer placed a very very optimistic $12 expectation on the stock. I honestly think that its too much. Using the high end of the estimates, it still only goes to slightly more than $8.00.
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