Citigroup Inc. (NYSE:C) Stock Analysis - 4/26/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for April 26, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 4/26/11

Resistance Levels: $4.63, $4.69

Support Levels: $4.39, $4.36

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

Citigroup Inc. (C) tested $4.50 again on Tuesday and continues to trade in a narrow range. Citigroup Inc is now trapped between the 10 & 50 day moving averages. Citigroup will have support at the 200 day moving average now ($4.36). I continue to think you can start buying C stock around $4.40 for the long term. Citigroup is 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 will be doing a 1:10 reverse stock split in May 2011. Citigroup will also be bringing back their dividend as well.

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