Citigroup Inc. (NYSE:C) Stock Analysis - 7/21/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for July 21, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 7/21/11

Resistance Levels: $40

Support Levels: $37, $36.76

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

Citigroup Inc. (NYSE:C) is testing $39 this morning in pre market. Citigroup Inc disappointed on earnings and is now paying the price. 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 and short more below $36.30. Citigroup will now have resistance up at $39.50. Citigroup Inc (C) can be bought below $38 as long as you keep a stop at $36.75.

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