Citigroup Inc. (NYSE:C) Stock Analysis 8/6/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for August 6, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 8/6/11

Resistance Levels: $35.50, $36.76

Support Levels: $31.10

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

Citigroup Inc. (NYSE:C) plunged down into the $31's this morning but has since rallied back. Citigroup Inc has been in a nasty downtrend for most of the year but the stock was able to hold $31.10 on Friday. Citigroup Inc. (C) will now have support located at $31.10 as well as $30. Citigroup is only a buy for a quick trade on a break above $35.50. Citigroup will now have resistance up around $37. Citigroup Inc (C) will plunge if $30 is broken.

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