Citigroup Inc (NYSE:C) Stock Analysis - 11/12/10

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for November 12, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 11/12/10

Resistance Levels: $4.55-$4.70

Support Levels: $4.30, $4.20

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

Citigroup Inc (C) hit $4.39 this morning but is now trading at $4.34. Citigroup has really hung in there this week despite the stock market conditions. While the Dow Jones is down around 300 points, Citigroup Inc. is flat for the week. So what now? Citigroup needs to hold support on a closing basis of $4.30 or we could see the $4.20 tested again. Citigroup remains a strong buy below $4.30 per share. Once this market heads to the upside again, Citigroup will be a strong performer.

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