Barry Ritholtz Goes Long Citigroup

By: readtheticker | Thu, Mar 31, 2011
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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.

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Author: readtheticker


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