Don't Ignore This Chart!

Citi (C) Holds It's Breakout


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


Announcement from the Author

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Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at 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 an active member of both the Market Technicians Association (MTA) and the International Federation of Technical Analysts (IFTA).

Greg is also the co-author of Stock Charts for Dummies (Wiley, 2018). Greg joined in 2012 and has be instrumental in helping launch a variety of new blogs and other commentary platforms. Presently, Greg contributes market analysis commentary to The Canadian Technician, Commodities Countdown and Don't Ignore This Chart blogs. Learn More
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