Citigroup Inc. (NYSE:C) Stock Analysis 11/18/10

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for November 18, 2010

Citigroup Inc (NYSE:C) Support & Resistance Levels - 11/18/10

Resistance Levels: $4.41, $4.55-$4.70

Support Levels: $4.20, $4.11

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

Citigroup Inc (C) is testing $4.30 resistance today as the stocm market is on fire. As I have been saying for a few sessions now, Citigroup could easily trade down to It's 50 day moving average ( currently $4.11 and rising ) and still be in an uptrend. Citigroup Inc will have break outs and pullbacks which are both very healthy. Citigroup will now have resistance located at Monday's high of $4.37. When Citigroup closes above $4.37, I think it will be off to the races again. Citigroup is a strong buy on pullbacks below $4.00.

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