Citigroup Inc. (NYSE:C) Stock Analysis 12/6/10

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for December 6, 2010

Citigroup Inc (NYSE:C) Support & Resistance Levels - 12/6/10

Resistance Levels: $4.47, $4.52

Support Levels: $4.30, $4.15

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

Citigroup Inc (C) stock is trading up at $4.50 and looks strong in early trading today. Citigroup will have resistance located at $4.52 as well as $4.55. If Citigroup Inc. can break $4.52, I will add to my long position. I am currently long Citigroup at $4.23 and will be adding more on the break out. Citigroup is one of the cheapest bank stocks in my opinion and once the Govenment exits the stock, I feel Citigroup can trade between $5.00-$5.50

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