Citigroup Inc. (NYSE:C) Stock Analysis - 5/8/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for May 8, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 5/8/11

Resistance Levels: $46.90, $47.80

Support Levels: $44.00

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

Citigroup Inc. (C) did a reverse stock split this weekend and will start trading under the new price on Monday. Citigroup Inc is now back above the 50 day moving average. Citigroup will have support at the 200 day moving average now ($43.82). I continue to think you can start buying C stock around $44.00 for the long term. Citigroup is a strong buy below $44.00.

Citigroup should start a new uptrend when it closes above $47. Citigroup Inc (C) will break out huge when it trades back above $50.00.

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