Citigroup Inc. (NYSE:C) Stock Analysis - 5/14/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for May 14, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 5/14/11

Resistance Levels: $44.00, $46.00

Support Levels: $41.00, $40

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

Citigroup Inc. (NYSE:C) broke down last week and is now testing support at $41. Citigroup Inc is now back below all three major moving averages which is bearish. Citigroup will have support at $41 followed by $40. C is a buy below $44.00 for the long term but I wouldn't be buying the stock above this level until it starts forming a new uptrend. Citigroup will have resistance at $44 as well as $46.

Citigroup should start a new uptrend when it closes above $46.90. Citigroup Inc (C) will break out huge when it trades back above $50.00.

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