Citigroup Inc. (NYSE:C) Stock Analysis - 3/12/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for March 12, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 3/12/11

Resistance Levels: $4.81

Support Levels: $4.50, $4.40

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

Citigroup Inc. (C) continues to hold $4.50 on the downside and closed at $4.57 on Friday. Citigroup Inc will have resistance up at the 50 day moving average located at $4.81. Citigroup will have support down around $4.40. I think you can start buying C stock below $4.60, but save capital incase we see a test of $4.40. Citigroup would be a strong buy below $4.40.

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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