Citigroup Inc. (NYSE:C) Stock Analysis 8/23/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for August 23, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 8/23/11

Resistance Levels: $29, $32

Support Levels: $25.50

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

Citigroup Inc. (NYSE:C) stock is back trading in the mid $26's after breaking a support level yesterday. Citigroup Inc broke down through the $26.25 low on Monday but held the $25.50 support level. 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 $29. If Citigroup Inc (C) can break above $29 and hold, it has the chance to rally up to the $29 area. If $25.50 fails, watch the $20 level.

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