Government Selling Citigroup Inc. (NYSE:C) Stake

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: $4.52-$4.55

Support Levels: $4.30, $4.15

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

Citigroup Inc (C) is moving in afterhours after the Government just came out with the news we have been waiting for. Citigroup is trading at $4.41 as the Govenment is planning a 2.3 billion share offering which would close out the stake for good. Citigroup Inc has support located down at $4.37 but then nothing until $4.30. On the upside, when Citigroup breaks the prior high of $4.52, the stock will be off to the races again. Citigroup remains a strong buy below $4.20.

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