Citigroup Inc (NYSE:C) Stock Analysis - 11/5/10

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for November 5, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 11/5/10

Resistance Levels: $4.49, $4.55-$4.70

Support Levels: $4.40, $4.30

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

Citigroup Inc (C) broke out again today as the financials continue to catch fire. Citigroup hit $4.49 this morning and I sold 1/4 of my long position at $4.46 this morning. Citigroup Inc should gap higher through $4.50 on Monday but I wanted to take some profits after this large move. 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 next week, I will sell another 1/4th.

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