Market Blog Technical Analysis

Citigroup: Consolidation for further upside

Antonio's Perspective Citigroup Inc (NYSE:C) broke out to new highs on large volume last week. This breakout brings high probability for a trend continuation. Daily Technical indicators suggest the stock is currently overbought and should consolidate at current levels to work out the overbought signal. Fresh exposures may be considered on price weakness, using the rising 20-day exponential moving average currently at $64.09 as the stop-loss. A close above $67.75
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Taking a long hard look at Goldman Sachs (NYSE: GS)

Among financial services giants, Goldman Sachs (NYSE: GS) is probably one of the most respected, forward-looking, agile and dominating company out there. Having said that, the last few months have shown quite a bit of volatility in the stock - going from $218 to $227 then back down to $211 and back up at $226. Over the last one year, the stock has given strong returns though. $10,000 invested last