Citigroup Inc. (NYSE:C) Stock Analysis 8/20/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for August 20, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 8/20/11

Resistance Levels: $30, $32

Support Levels: $26.25, $25.50

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

Citigroup Inc. (NYSE:C) closed at the lows on Friday but still held $26.25. 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. If $26.25 fails, watch the $25.50 level.

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