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Wednesday, January 11, 2012

Citigroup (C) Stock Analysis 1/11/12

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for January 11, 2012

Citigroup Inc (NYSE:C) Support & Resistance Levels - 1/11/12

Resistance Levels: $30.14

Support Levels: $26, $24.40, $23.30

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

Citigroup Inc. (NYSE:C) stock is trading near $29.70 on Wednesday. Citigroup (C) will have resistance located at $30.14 this week. A close above $30 would set up a rally back to $32-$34 easily. On the downside, watch $24.40. If Citigroup (C) closes below $24.40 in 2012, look out below. I am giving Citigroup (C) stock a 2012 price target of $32.50. At some point in 2012, I feel Citigroup will hit this price target.

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