Citigroup Inc. (NYSE:C) Stock Analysis - 1/28/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for January 28, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 1/28/11

Resistance Levels: $4.88, $5.00, $5.15

Support Levels: $4.66, $4.60

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

Citigroup Inc. (C) closed at $4.72 on Friday which is right at the low 2 weeks ago. I am watching $4.66 which is the 50 day moving average. If Citigroup Inc closes back below this level, we could easily see a drop back to $4.60. Citigroup has support between $4.66-$4.70. I can't see C stock falling below $4.60 but if it does, I will be looking to get back in. Citigroup will have resistance at $5.15 if the stock can get back above $5.00.

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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