Citigroup Inc. (NYSE:C) Stock December 2010

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for December 2, 2010

Citigroup Inc (NYSE:C) Support & Resistance Levels - 12/2/10

Resistance Levels: $4.41, $4.47, $4.52

Support Levels: $4.15, $4.00

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

Citigroup Inc (C) continues to soar with the financials and is testing $4.41 right now. Citigroup will have resistance located at $4.41 but then nothing until about $4.47. If Citigroup Inc. can close back above $4.41, I think it can gain momentum and retest the $4.50's. I am currently long Citigroup and would be adding on a break above $4.52. 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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