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Wednesday, December 1, 2010

Citigroup Inc. (NYSE:C) Stock Analysis - 12/1/10

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for December 1, 2010

Citigroup Inc (NYSE:C) Support & Resistance Levels - 12/1/10

Resistance Levels: $4.27, $4.33, $4.41

Support Levels: $4.15, $4.00


Citigroup Inc (C) is surging to $4.30 this morning after three upgrades over the past two days. Citigroup will now have resistance located at $4.30 as well as $4.33. If Citigroup Inc. can close back above $4.33, I think it can gain momentum and retest the $4.40's. I am currently long Citigroup and would be adding below $4.00. Citigroup is one of the cheapest bank stocks in my opinion and once the Govenment exits the stock, I feel Citigroup can trade between $5.00-$5.50

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Citigroup Inc (NYSE:C)
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