Citigroup Inc. (NYSE:C) Stock Analysis - 7/22/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for July 22, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 7/22/11

Resistance Levels: $40.50, $42

Support Levels: $38, $36.76

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

Citigroup Inc. (NYSE:C) is trading right around $40 on Friday. Citigroup Inc hit a double bottom in the $36's but has since rallied back. Citigroup Inc. (C) will now have support located at $38. If Citigroup breaks down through that low, I would look to buy in the $36's again. Citigroup will now have resistance up at $40.50. Citigroup Inc (C) should really start breaking out on a close above $42.

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