Citigroup Inc. (NYSE:C) Stock Analysis 8/16/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for August 16, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 8/16/11

Resistance Levels: $32

Support Levels: $26.25

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

Citigroup Inc. (NYSE:C) is down 2% this morning as the stock market futures are lower. Citigroup Inc recently hit a low of $26.25 which will be support for the next few weeks. Citigroup Inc. (C) is rated a buy below $27 from here on out for a bounce trade. Citigroup Inc. (C) will now have resistance up around $32. If Citigroup Inc (C) can break above $32 and hold, it has the chance to rally up to the $34-$35 area.

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