Citigroup Inc (NYSE:C) Stock Analysis - 11/15/10

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: $4.55-$4.70

Support Levels: $4.20, $4.08

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

Citigroup Inc (C) is trading up lightly in pre market to $4.32 this morning. Citigroup has downside risk to the 50 day moving average ( currently $4.08 and rising ) which could happen at anytime. Citigroup Inc needs to close back above $4.31 to attract more technical buyers in which case, resistance would then be located at $4.41. 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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