Monday, May 12, 2008

C Citibank (stock C)- Opportunity for traders

Citigroup, Citibank, C, is pulling back and resting on 200 days moving average.
For those who believe the worst is over for financial companies, this is an entry point with a tight stoploss.

1 comment:

Jayesh Patel said...

For those who like to avoid company specific risks of Citibank, etc, XLF- Financial stocks ETF- is also resting on 200 days moving average so can be played with a 50 cents risk (stoploss)