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  • Why Citigroup Inc. (NYSE:C) is Still Attractive at This Price

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    Monday Dec 27, 2010 at 07:49 am EST
     
    Citigroup Inc. (NYSE:C) is a Buy
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    Citigroup Inc. (NYSE:C) is the most traded stock in the New York Stock Exchange. Citigroup Inc. is highly popular among investors and is considered a great Buy for 2011. Citigroup Inc. (NYSE:C) is continuing its efforts in reducing legacy positions. As a result of getting Federal aid and several restructuring initiatives, Citigroup Inc. (NYSE:C) has achieved a solid capital base. After the recent sale of shares by government, Citigroup Inc. (NYSE:C) shares have gained considerably.
    Citicorp, which is its core business, remains attractive and profitable while further sale and restructuring of Citi Holdings, Citigroup's non-core business will make it stronger. Shares of Citigroup Inc. (NYSE:C) closed at $4.68 on Thursday below resistance level of $4.73. Major resistance points above Thursday's close are at $4.85 and $5.09. Major support levels below are at $4.39, $4.24, $4.12, $3.94 and $3.81.

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