Citigroup spiked in the final hour of trading on Monday. Today on Fast Money there were mixed feelings on how Citi will act in 2010. We are in the camp that C should be an easy double in the next 12 months. Citi is now testing the 10 day moving average currently at $3.40. If Citi can close over this level it would be very bullish and signal a short term trend change. Citigroup hasn’t closed above the 10 day moving average since falling below this level when it was trading at $4.20. Keep an eye on the high from last week at $3.44. If Citi breaks above this level, we will be adding to our core position. As for now we are long from $3.30 with our stops at $3.07 lower support. Market Club has a very interesting take on how CITI is playing out after the past volume surge. The “Trade Triangles” paint the picture. CLICK HERE and just enter the ticker (C) your name and e-mail address for the FREE No strings Attached Report sent realtime to your in-box!
FREE Trend Analysis for Citi Here
