Week 13: +13.18% with earnings just ahead
Citigroup gains 0.6% and bounces 3% off its own 20-day moving average
Week 13: +13.18% with earnings just ahead
Our view last week
Citigroup is in week 12 of a long trade whose model coverage is now complete: all 3 statistical targets have been hit, and the trade continues with the residual capital, currently at +12.53% since entry. The stop trails the Inversion Point, in the 135 area. On the technical side, momentum has been cooling for a few weeks and CMF has slipped into negative territory; earnings are due July 14, about two weeks out, a date worth watching.
This week's summary
Citigroup shares bounce 3% off their own 20-day moving average, in the 140 area, closing the week with a modest +0.6%. This week's technical analysis shows buyers clawing back ground after a low two weeks ago, while momentum keeps cooling and money flow stays negative. Price is now boxed into a tight band between resistance and support, and earnings - a full two weeks out last week - are now just around the corner: July 14.
IQS Phase
61
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#53 / 129
US stocks in progress
Trade P&L %
+13.18%
from signal to today
restricted Platinum content