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Friday, August 19, 2011

Citigroup Inc. (NYSE:C) Stock Analysis 8/19/11

By Tim -

The following is Citigroup Inc. ( C ) stock technical analysis for August 19, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 8/19/11

Resistance Levels: $32

Support Levels: $26.25

Chart -

Citigroup Inc. (NYSE:C) stock is trading in the $27's this morning, down 2%. Citigroup Inc recently hit a low of $26.25 which will be support for the next few weeks. Citigroup Inc. (C) is rated a buy below $27 from here on out for a bounce trade. Citigroup Inc. (C) will now have resistance up around $32. If Citigroup Inc (C) can break above $32 and hold, it has the chance to rally up to the $34-$35 area.

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Citigroup Inc (NYSE:C)
- Latest News - Citigroup Inc. reports 2nd quarter 2011 earnings

Citigroup Inc given $52.00 price target