By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for January 4, 2011
Citigroup Inc (NYSE:C) Support & Resistance Levels - 1/4/11
Citigroup Inc (NYSE:C) Support & Resistance Levels - 1/4/11
Resistance Levels: $5.00, $5.07
Support Levels: $4.80
Citigroup Inc. (C) is currently trading at $4.92 as we head into the 2nd trading session of the year. Citigroup Inc will now have resistance located up at $5.00 as well as $5.07. Since Citigroup closed back above $4.85, I think C Stock can rally back and retest $5.07 soon. Citigroup will continue to do well now that the Govenment has sold their stake in the company. The Govenment still owns Citigroup Inc warrants however. Also something to keep in mind, Citigroup can do a reverse split at anytime. The Citigroup board of directors has already approved this.
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