Citigroup Inc. (NYSE:C) Stock Analysis - 5/1/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for May 1, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 5/1/11

Resistance Levels: $4.63, $4.69

Support Levels: $4.39, $4.37

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

Citigroup Inc. (C) closed at $4.59 on Friday. Citigroup Inc is now back above the 50 day moving average. Citigroup will have support at the 200 day moving average now ($4.37). 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 should start a new uptrend now that the stock is 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.

For more Technical Analysis - Go Here

Today's Biggest Stock Market Gainers - Top 2011 Stock Gainers - Top 2011 Penny Stocks - Top 2010 Stock Gainers - Top 2010 Penny Stocks - Hot OTC Stocks - Stocks for 2011

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/

Citigroup Inc (NYSE:C) - Latest News - Citigroup Inc. reports 1st quarter 2011 earnings

Citigroup Inc given $5.20 price target