C will cross over 200 DMA
On May 2007, C was traded at $54.49 per share, now C is only $2.94.
http://finance.yahoo.com/q/hp?s=C&a=00&b=3&c=1977&d=03&e=18&f=2009&g=m
The above data does not prevent that we are seeing that C is ready to crossing over 200 DMA soon from the following Chart:
http://finance.yahoo.com/q/ta?s=C&t=2y&l=on&z=m&q=l&p=m200&a=&c=
Citigroup surprised Wall Street Friday as the company delivered its first profit in more than a year, helped by strength within its investment banking division.
The company reported net income of $1.6 billion during the first quarter, reversing a loss of $5.1 billion a year ago.
Now, news told us that 3 Japan banks seek a piece of Citigroup Pie.
http://www.mydigitalfc.com/banking/3-japan-banks-seek-citigroup-deal-178
C is currently accumulating its energy, and waiting opportunities to cross above 200 DMA (8.50). MACD is continually looking great! The basic MACD trading rule is to buy when the MACD rises above its signal line. Another indicator is that the blue bar of MACD has crossed above the zero horizontal line. This is a very bullish indicator.
Considering it was profitable for the first quarter of this year, Citigroup breaks 200 DMA is just a matter of time.
12 insiders purchased 9,377,500 shares. See the following link:
http://finance.yahoo.com/q/it?s=C
Reference articles:
Citigroup Ready to Right Itself
http://online.barrons.com/article/SB124284778041040317.html?ru=yahoo
Barron's Big Money Poll: Bullish, But With Little Conviction
http://seekingalpha.com/article/133183-barron-s-big-money-poll-bullish-but-with-little-conviction?source=yahoo
Citigroup Receives an "A" in Fuzzy Math
http://industry.bnet.com/financial-services/1000892/citigroup-receives-an-a-in-fuzzy-math/
FACTBOX: How ready are banks for the stress test?
http://www.reuters.com/article/marketsNews/idINN2332763220090423?rpc=44
Citigroup Float May Experience Dramatic Upside Velocity:
http://seekingalpha.com/article/127103-citigroup-float-may-experience-dramatic-upside-velocity?source=yahoo
Qualified Promise Of Profit At Citi (from Forbes):
http://www.forbes.com/2009/03/11/citigroup-pandit-profit-business-wall-street-citi.html?partner=yahootix
http://finance.yahoo.com/q/hp?s=C&a=00&b=3&c=1977&d=03&e=18&f=2009&g=m
The above data does not prevent that we are seeing that C is ready to crossing over 200 DMA soon from the following Chart:
http://finance.yahoo.com/q/ta?s=C&t=2y&l=on&z=m&q=l&p=m200&a=&c=
Citigroup surprised Wall Street Friday as the company delivered its first profit in more than a year, helped by strength within its investment banking division.
The company reported net income of $1.6 billion during the first quarter, reversing a loss of $5.1 billion a year ago.
Now, news told us that 3 Japan banks seek a piece of Citigroup Pie.
http://www.mydigitalfc.com/banking/3-japan-banks-seek-citigroup-deal-178
C is currently accumulating its energy, and waiting opportunities to cross above 200 DMA (8.50). MACD is continually looking great! The basic MACD trading rule is to buy when the MACD rises above its signal line. Another indicator is that the blue bar of MACD has crossed above the zero horizontal line. This is a very bullish indicator.
Considering it was profitable for the first quarter of this year, Citigroup breaks 200 DMA is just a matter of time.
12 insiders purchased 9,377,500 shares. See the following link:
http://finance.yahoo.com/q/it?s=C
Reference articles:
Citigroup Ready to Right Itself
http://online.barrons.com/article/SB124284778041040317.html?ru=yahoo
Barron's Big Money Poll: Bullish, But With Little Conviction
http://seekingalpha.com/article/133183-barron-s-big-money-poll-bullish-but-with-little-conviction?source=yahoo
Citigroup Receives an "A" in Fuzzy Math
http://industry.bnet.com/financial-services/1000892/citigroup-receives-an-a-in-fuzzy-math/
FACTBOX: How ready are banks for the stress test?
http://www.reuters.com/article/marketsNews/idINN2332763220090423?rpc=44
Citigroup Float May Experience Dramatic Upside Velocity:
http://seekingalpha.com/article/127103-citigroup-float-may-experience-dramatic-upside-velocity?source=yahoo
Qualified Promise Of Profit At Citi (from Forbes):
http://www.forbes.com/2009/03/11/citigroup-pandit-profit-business-wall-street-citi.html?partner=yahootix
posted by Chart Analyst Review @ 9:56 PM
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