Citigroup
By Steve Abraham on Jul 18, 2007
Citigroup is one of the most hated stocks in the market and rightfully so. The stock has done nothing the last 5 years compared to the overall market. It offers a high dividend yield ( over 4%) and that’s about it. C announces earnings on Friday. I wouldn’t be suprised to see the stock rally. The stock bounced today off of the 50 day MA and has been in a downtrend the last few weeks. The weekly chart below shows some support at current prices. Full disclosure I am employed by Citigroup but have absolutely no clue as to what the earnings will be.
7 Responses to “Citigroup”
It looked like an inverted head and shoulder to me (so it should be a bullish sign, no?)
A head and shoulders pattern was formed in June. This stocks going down!
I think around $47/$48 is a low risk buying opportunity for an investment maybe not a trade. The stock will yield near 5% at those levels. That yield is competitive with CD’s. The stock is a dog but there is value here.
Citigroup is known for releasing false info and reports, plus they’re the most hated financial group among consumers. Wizetrade has never shown me a good entry point for citigroup.
My hatred of citigroup aside, this stock seems it will perform well. The trends are good.
Citigroup amazes me. No growth in 5 years, but yet they started building banks last year like crazy, among other finacial institutions. Who’s money are they using? Sounds like bankruptcy or buyout coming soon. What do you all think? Wizetrade seems to think the same.
Leave a Comment
Recent Blog Posts
- What to do about Nucor
- Shortcake ?
- Putting it to the X
- Why it's NOT time to Short Apple and Visa
- Follow Up on WLT
- JPM
- Stashing Cash in Savings Accounts
- Shorting V
- USO Stock Chart (Short Oil?? Call me crazy)
- Throwing out the Chart on AMZN
- Walters Industries
- Mastercard Again
- D R Horton
- EMC
- Broadcom
- Covance
- RIMM
- Cat Stock Chart
- Turning $5,000 into $400,000..UNREAL
- Resistance Broken!
- Best looking chart seen in a while (MELI Stock Chart)
- WSCI - WSI Industries Inc
- Resistance Holding up
- Dont fight the trend. (MOS Stock Chart)
- UTVG - Universal Travel Group
- Havent Done Your Taxes Yet??
- Mastercard
- Costco
- Bottom or no bottom, That is the question.
- Is the Apple Still Rotten?
Subscribe
   |
 |
It will be fun to see how Bank of America responds.