Citigroup Inc (NYSE:C) Stock Analysis - 11/8/10

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for November 8, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 11/8/10

Resistance Levels: $4.49, $4.55-$4.70

Support Levels: $4.40, $4.30

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

Citigroup Inc (C) is trading at $4.45 in pre market as the stock market futures are lower. Citigroup hit $4.49 Friday morning and I sold 1/4 of my long position at $4.46. Citigroup Inc doesn't look like it will gap higher like I thought but the morning is still early. I will buy back the shares I sold in Citigroup if we see a retest of $4.30 which is now solid support. Citigroup is still on pace for my short term target of $4.55-$4.70. If Citigroup trades into the $4.60's this week, I will sell another 1/4th.

For more Technical Analysis - Go Here

Today's Biggest Stock Market Gainers - Top 2010 Stock Gainers - Top 2010 Penny Stocks - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stocks for 2010

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/

Citigroup Inc (C) - Latest News - Citigroup buys Bank Stake from India

Citigroup Inc Hires Bank of America's Lekkas to Run Greece Investment Banking