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Stock Pick of the Day - Citgroup Inc.
Mar 12, 2010

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Stock Pick of the Day

Citgroup Inc)

Closing Price: $4.18

RSI: 83

MACD: 0.14

Citigroup Inc. (C) gained another 5.58% on Thursday, to close at $4.18. The Citigroup (C) has moved out of a congestion zone earlier this week after struggling around $3.4 in a symmetrical triangle pattern with 20 day MA and 50 day MA.

Citigroup Inc. is now not far from breaching above its 200 day MA of $4.36, subsequent to which it will move into a breakout zone. Citigroup Inc. (C) has already expressed hopes that it may come out with strong profits following its efforts, by 2012. It is worth going long in the stock.

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