Citigroup Inc. (NYSE:C) Stock Analysis - 8/1/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for August 1, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 8/1/11

Resistance Levels: $39.64, $40.50, $42

Support Levels: $37.64, $36.76

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

Citigroup Inc. (NYSE:C) is trading up near $39 on Monday. Citigroup Inc has been in a nasty downtrend for most of the year but I feel we could be nearing a bottom. Citigroup Inc. (C) will now have support located at $36.76 as well as $36.30. Citigroup is a 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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