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:

C: Trade with a 10 cents risk- citicorp stock

C- Citibank, Citicorp stock- should one buy this stock? It is a million dollar question. If you decide to buy, in one year, you can brag about it or regret..If you do not buy it now, in one year, you can regret or label yourself as a smart investor. I think this is true for any stock but I guess this is very important about C right now.

What the prices are telling me?

It is between a longer term resistance line and short term support line. The 'new offering day' low was a key reversal day so this is a real tug of war on the chart.

Investors- better wait and watch for 10 more days. Traders? Think of options or a gamble 10-20 cents for 5 to 10 times return.

This boring stock seems to be dying for some action

Update (January 19,2010): Citibank announce numbers- it is loss. The stock opened lower, touched 3.40 and now it is trading in positive. This is REVERSE (Buy) as per Profit from Prices. Let us hope it closed in positive.

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.