Trade Idea - Citigroup
Saturday, March 15, 2008
Citigroup shares were down more than 6% on Friday closing at $19.78. Once again the volume during the session was huge. The stock made a new 52-week low at $19.54. Technically the stock is still in weak market as MACD is still below 0 and 50-day moving average is below 200-day moving average. Honestly speaking, this is still not the right time to buy the stock as it is still in downtrend and the financial turbulence continues. Stock still in a downtrend.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
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