Citigroup Inc (NYSE:C) Analysis November 2010

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for November 15, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 11/15/10

Resistance Levels: $4.41, $4.55-$4.70

Support Levels: $4.20, $4.08

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

Citigroup Inc (C) closed at $4.32 today as the stock rebounded despite the stock market trading flat . Citigroup has downside risk to the 50 day moving average ( currently $4.09 and rising ) which could happen at any time. Citigroup Inc has resistance at $4.41 as well as $4.50. If Citigroup can close above $4.41, I feel it can then retest the $4.47-$4.50 resistance zone. One thing is for sure, the next time the stock market breaks out again, Citigroup and the financials should lead the market.

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