Citigroup Inc. (NYSE:C) Stock Analysis - 3/16/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for March 16, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 3/16/11

Resistance Levels: $4.80

Support Levels: $4.40

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

Citigroup Inc. (C) stock is bouncing Wednesday and is trading at $4.49 in early trading. Citigroup Inc will have resistance up at the 50 day moving average located at $4.80. Citigroup will have support down around $4.40. I think you can start buying C stock here around $4.40 for the long term. Citigroup would be a strong buy below $4.40.

Citigroup will start a new uptrend when the stock closes back above the 50 day moving average. Citigroup Inc should keep a premium now that the Government is out of the stock. 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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