Citigroup Inc. (NYSE:C) Stock Analysis - 5/26/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for May 26, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 5/26/11

Resistance Levels: $44.00, $46.00

Support Levels: $40

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

Citigroup Inc. (NYSE:C) is back trading around $40 again. However, Citigroup Inc currently trades below all three major moving averages. Citigroup will have support at $40 followed by $38. C will attract some buyers again when the stock closes back above It's 10 day moving average. Citigroup will have resistance at $44 as well as $46.

Citigroup should start a new uptrend when it closes above $46.90. Citigroup Inc (C) will face heavy resistance in the $50's.

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