Citigroup Inc. (NYSE:C) Stock Analysis - 6/3/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for June 3, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 6/3/11

Resistance Levels: $44.00, $46.00

Support Levels: $40

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

Citigroup Inc. (NYSE:C) hit another new low located at $39.10 on Thursday Citigroup Inc since snapped back above $40. Citigroup will have support at $39.10 followed by $38. C stock did not break down much below $39.40 so I feel it is now safe to buy pullbacks into the low $39's. 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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