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Friday, January 21, 2011

Citigroup Inc. (NYSE:C) Stock Analysis - 1/20/11

By Tim -

The following is Citigroup Inc. ( C ) stock technical analysis for January 20, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 1/20/11

Resistance Levels: $5.00, $5.18

Support Levels: $4.59

Chart -

Citigroup Inc. (C) made a nice reversal today to close at $4.80. Citigroup Inc will now have resistance located at $5.00 followed by $5.10. Citigroup has support down at $4.60. I can't see C stock falling below $4.60 but if it does, I will be looking to get back in.

Citigroup will continue to do well now that the Govenment has sold their stake in the company. The Govenment still owns Citigroup Inc warrants however. Also something to keep in mind, Citigroup can do a reverse split at anytime. The Citigroup board of directors has already approved this.
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Citigroup Inc (NYSE:C)
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