Citigroup Inc. (NYSE:C) Stock Analysis 12/8/10

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for December 8, 2010

Citigroup Inc (NYSE:C) Support & Resistance Levels - 12/8/10

Resistance Levels: $4.70, $4.85, $5.00

Support Levels: $4.47, $4.40

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

Citigroup Inc (C) closed with a bang today ($4.64). After spending most of the day in the red, Citigroup rallied into the close with the financials. Citigroup will now have resistance located at $4.70 but then nothing major until $5.00 per share. Citigroup Inc will have support around $4.47 as well as $4.40. Citigroup is a strong buy below $4.30 if we would see a correction. Citigroup remains my top bank stock for 2011 now that the Govenment is out of the stock.

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