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Tuesday 16 July 2013

Buy Citigroup- Won

15 July 2013 Trading signals to watch-
Citigroup's earnings beats estimates
Citigroup's stock jumped from 50.81 to 51.85 pre-market & 52.0 might become temporary resistance
Buy around 52.0 if it breaks & stays above resistance
Buy around 51.0 if it fails to break resistance & manages to drop to 51.0, it should rebound
All for end of day expiration

Citigroup dropped to 51.1 twice & rebounded as expected
Result: Won
Citigroup closed at 51.81
We were correct about 52.0 becoming resistance, as well as the drop & rebounding around 51.0



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