Barry Ritholtz Goes Long Citigroup
Barry Ritholtz founder of 'The Big Picture Blog' has added Citigroup(C) to his portfolio today. So we took a look.
Source: Edging a Touch Longer
Looks like a swing trade !
Cycles: Ok, 70 period swing nicely, we would like to see red line swing to cross over zero.
Volume: No commitment from the big boys yet. We need them for another swing up!
Price: We dont want to 'anticipate' the move, so a close above $4.60 will attract us!
Sector: Financials are NOT the flavor of the month: Energy, Technology are!
If time allows, will add a Gann study latter on ! We never invest without Gann on our side.