Citigroup Inc. (NYSE:C) Analysis November 2010

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for November 20, 2010

Citigroup Inc (NYSE:C) Support & Resistance Levels - 11/20/10

Resistance Levels: $4.41, $4.55-$4.70

Support Levels: $4.20, $4.11

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

Citigroup Inc (C) stock fell today but is trading at $4.27 in afterhours. As I have been saying for a few sessions now, Citigroup could easily trade down to It's 50 day moving average ( currently $4.11 and rising ) and still be in an uptrend. Citigroup Inc will have break outs and pullbacks which are both very healthy. Citigroup will now have resistance located at Monday's high of $4.37. When Citigroup closes above $4.37, I think it will be off to the races again. Citigroup is a strong buy on pullbacks below $4.00.

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