CITIGROUP
(C-NYSE):
Technical Viewpoint: From a low
of $51.56 on Nov 11, 1999 prices
rallied, reaching a
high of $58 1/4
on Nov 16, 1999. A
decline saw prices pull back, reaching a
low of
$53.00 on Dec 1, 1999.
Another rally saw prices penetrate
resistance, closing 12/3/99
at $57.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 20, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $53 3/4. Resistance: Is at $58 1/4.
Point & Figure: Reversed to the upside on Dec 2, 1999. A P&F upside
reversal takes place at $54 3/4. Summary: Technical indicators have turned bullish. BUY! CITIGROUP
(C-NYSE) @ $57 1/2 Stop: Use a protective stop of $54 7/8.
CITIGROUP is currently trading @ $57.19 plus $2.94 on Dec 3, 1999. Price Objective:
$67.00. Risk/Reward: $2 5/8 VS. $9 1/2. Today's Risk Reward Ratio: 3:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$67.00
Risk/Reward:
$2 5/8 VS. $9 1/2
Risk/Reward Ratio:
3:1
|