For the past quarter in 2012, Dow Jones Industrial has seen a steady upward price momentum with key indicators also ticking up. Nevertheless, the volume has not been too comforting, coupled with much in-decisiveness depicted in wide weekly range swings and doji formations. Interestingly, the DJ Financial Index has been a big laggard against the general DJI components. It is…
Tag: Citigroup
US Bank stocks badly sold off with increased market uncertainty | Citigroup, BAC | US Stocks
Across the globe, U.S. economic data released in the past week were mostly upbeat – increases in sales of new and existing homes, an unexpected rise in durable-goods orders and a climb in the consumer sentiment index to its highest level since October 2007. Now the focus of weary eyes are on these key macroeconomics developments: a) The risk of…
Citigroup C – time to take positions | Stock Prices & Analysis | US
US Banking giant Citigroup (C) announced plans 21 Mar 2011 Monday to conduct a 1-for-10 reverse stock split and resume paying a quarterly dividend.The reverse stock split will slash the number of Citi’s outstanding shares to 2.9 billion from about 29 billion.Citi, which recently finished repaying its $45 billion taxpayer-funded bailout from the financial crisis, said it anticipates the reverse…
Citigroup C – More short term downside – Stock Price / Stock Investment – US Stock Market
Price is now at crucial Bollinger support @ $4.66. If it breaks, HSH is possible with downside towards $4.5. Force index still at negative region with RSI not at bottom levels yet. Hold your bullets and regain towards $4.5+. Follow us on: Share this article on:
Citigroup – Buy on value
Uptrend intact while support @ $4.50 holds. Near term target of $5.00. RSI on rise with enlarging bollinger band. Follow us on: Share this article on: