Citi (C) rallied last week to push to new highs. This week, Citi is holding up with the Fed meeting tomorrow. The SCTR is close to moving into the top performing area above 75.
The MACD is turning up above zero which is very bullish and Citi increased the dividend in July of 2016. Perhaps another dividend increase is in store.
Good trading,
Greg Schnell, CMT, MFTA
About the author:Greg Schnell, CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis.
Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter.
He is also the author of Stock Charts for Dummies (Wiley, 2018).
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The MACD is turning up above zero which is very bullish and Citi increased the dividend in July of 2016. Perhaps another dividend increase is in store.
