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CITIGROUP
(C-NYSE):
Technical Viewpoint: From a low
of $41 7/8 on Sep 16, 1999 prices
rallied, reaching a
high of $47.00
on Oct 11, 1999. A
decline saw prices pull back, reaching a
low of
$42.06 on Oct 15, 1999.
Another rally saw prices penetrate
resistance, closing 10/27/99
at $51.31. 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 $46.00. Resistance: Is at $51.78.
Point & Figure: Reversed to the upside on Oct 19, 1999. A P&F upside
reversal takes place at $48 3/4. Summary: Technical indicators have turned bullish. BUY! CITIGROUP
(C-NYSE) @ $51 3/4 Stop: Use a protective stop of $49 1/8.
CITIGROUP is currently trading @ $51.31 plus $2.81 on Oct 27, 1999. Price Objective:
$72.00. Risk/Reward: $2 5/8 VS. $20 1/4. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$72.00
Risk/Reward:
$2 5/8 VS. $20 1/4
Risk/Reward Ratio:
8:1
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