Citigroup Inc. (NYSE:C) Stock Analysis - 5/31/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for June 1, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 6/1/11

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 for the 2nd straight day on Tuesday. Citigroup Inc has not traded above this level since the reverse split. Citigroup will have support at $40 followed by $39.40. C stock will break down below $39.40 so this is where I would place 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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