Citigroup Inc. (NYSE:C) Stock Analysis - 5/30/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for May 30, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 5/30/11

Resistance Levels: $44.00, $46.00

Support Levels: $40

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

Citigroup Inc. (NYSE:C) closed back above It's 10 day moving average on Friday. Citigroup Inc has not traded above this level since the reverse split. Citigroup will have support at $40 followed by $38. C will now have support down at $39.40 and this is where I'd put my stop loss order. 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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