Citigroup Inc. (NYSE:C) Stock Analysis - 2/23/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for February 23, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 2/23/11

Resistance Levels: $4.83, $4.85

Support Levels: $4.60, $4.57

Chart - http://www.stockcharts.com/

Citigroup Inc. (C) broke $4.60 in early trading but rallied back late in the day to close at $4.70. Citigroup Inc will have resistance on the upside located at $4.83-$4.85 now. Citigroup has support at $4.60 which was met with heavy buying buying today. If C stock falls below $4.60 again, the stock is a strong buy. Citigroup will have resistance at $5.00 if the stock can get back above $4.86.

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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