Citigroup Inc. (NYSE:C) Stock Analysis - 3/21/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for March 21, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 3/21/11

Resistance Levels: $4.67, $4.76

Support Levels: $4.29

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

Citigroup Inc. (C) stock had a 5% swing to the downside after the company finally announced the reverse split I've been talking about for the past five months. Citigroup Inc will have resistance up at the 50 day moving average located at $4.76. Citigroup will have support at the 200 day moving average now ($4.29). I continue to think you can start buying C stock around $4.40 for the long term. Citigroup is a strong buy below $4.40.

Citigroup will start a new uptrend when the stock closes back above the 50 day moving average. Citigroup Inc should keep a premium now that the Government is out of the stock. Also something to keep in mind, Citigroup will be doing a 1:10 reverse stock split in May 2011. Citigroup will also be bringing back their dividend as well.

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