Citigroup Inc. (C) Stock Analysis 10/20/10

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for October 20, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 10/20/10

Resistance Levels: $4.20, $4.30

Support Levels: $4.00, $3.90

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

Citigroup Inc (C) failed at the $4.20-$4.30 resistance zone on Tuesday. Citigroup continues to be one of the top financial stocks to buy right now in my opinion. I like the stock on all pullbacks below $4.00 per share. Citigroup is a buy on a break above $4.30 which should easily take it back to $4.50-$4.70. The Government is finally nearing the end of their liquidation so the selling pressure should ease from here. I think the next time Citigroup breaks $4.20, it will then break $4.30.

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