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, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg 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 CMT Association and the International Federation of Technical Analysts (IFTA).
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