Citigroup Inc. (NYSE:C) Stock Analysis - 6/2/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for June 2, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 6/2/11

Resistance Levels: $44.00, $46.00

Support Levels: $40

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

Citigroup Inc. (NYSE:C) closed back below the 10 day moving average as the stock market tanked. Citigroup Inc is now testing last weeks low of $39.41. Citigroup will have support at $39.41 followed by $38. C stock will break down below $39.40 so this is where I would place my stop loss order. Citigroup will have resistance at $41.59 as well as $44.

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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