Citigroup Inc. (NYSE:C) Stock Analysis - 1/23/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for January 23, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 1/23/11

Resistance Levels: $5.00, $5.15

Support Levels: $4.70

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

Citigroup Inc. (C) is running back up to retest It's 10 day moving average currently located at $4.93. If Citigroup Inc closes back above this level, we could easily see a run back into the $5's. Citigroup has support down at $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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