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Exclusive Market Analysis, Alerts and Commentary from the DaytradeTeam trading staff

Friday, May 02, 2008

Citigroup Inc (NYSE:C) Long Swing

The majority of the indicators that I watch are saying that Citigroup Inc (NYSE:C) is looking like profitable long swing. From the geometric side of the equation, in the last 20 days, C broke its 6 month downtrend and is now creating an ascending wedge. Oscillators: right now MACD is crossing 0 for the first time in 7 months and On Balance Volume is breaking its 6 month downtrend; all of which are buy signals.

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Happy Trading

Keith Greff
Trade Analyst
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