Citigroup Inc. (NYSE:C) Stock Analysis 12/17/10

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for December 17, 2010

Citigroup Inc (NYSE:C) Support & Resistance Levels - 12/17/10

Resistance Levels: $4.72, $4.85

Support Levels: $4.54, $4.50

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

Citigroup Inc. (C) has support at the $4.50 level. Citigroup Inc will continue to have resistance on the upside located at $4.65 as well as $4.72. If Citigroup can close back above $4.72, I think C Stock can rally back and retest $4.85. Citigroup will continue to do well now that the Govenment has sold their stake in the company. The Govenment still owns Citigroup Inc warrants however. Also something to keep in mind, Citigroup can do a reverse split at anytime. The Citigroup board of directors has already approved this.

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