Citigroup Inc. (NYSE:C) Stock Analysis - 7/16/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for July 16, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 7/16/11

Resistance Levels: $40

Support Levels: $37, $36.76

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

Citigroup Inc. (NYSE:C) dropped hard after reporting earnings on Friday. Citigroup Inc had a one time gain which made earnings look better than expected but if you strip that out, they missed. Citigroup Inc. (C) will now have support located at $36.76 which was the previous low. If Citigroup breaks down through that low, I would actually go short the stock. Citigroup will now have resistance up at $40. I think Citigroup Inc (C) is a buy dow here in the $38's with a stop at $36.75.

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