Citigroup Inc. (C) Stock Analysis 10/17/10

By Tim - http://stockstobuy.org

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

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

Resistance Levels: $4.30, $4.55

Support Levels: $4.00

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

Citigroup Inc (NYSE:C) has formed a double top at $4.30. Citigroup Inc has support located at $3.90 and then $3.80 which should hold. If Citigroup Inc would fall below $3.80, I believe it would represent an excellent long term buying opportunity. Citigroup stock has been going down due to the foreclosure uncertainty. Citigroup is due to report earnings before the bell on Monday

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