Friday, May 21, 2010

C- Citibank--- Is Citi waking up (Not sure if they still use the line- Citi never sleeps but...)

C- Citicorp stock is trading down again... From a low of $3.11, it touched a high of $5.07 and now it is back to $3.50 range.
Today, there is a nice U TURN Signal. Wish volume was distinctively higher. Anyway, U Turn as always is a powerful trend reversal signal. The overall market has turned pretty weak recently so I am guessing that careful traders can wait for one more trend reversal signal or a confirmatory signal. I am going to keep watching C- the Citi stock again.

For those who are not familiar with U TURN signal, please look here for the detailed writeup about this powerful stock trading signal:

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