Long Citigroup

١٢ ديسمبر ٢٠١٤

Citigroup broke and closed a 5 year price resistance last week. Should consider buying on down days as long as price holds above red diagonal line. My bet is we'll never see it under $50 again.

Fundamentals are strong. Below book value - all other banks are above. A phenomenal restructuring play in the financial sector. Profit margins widen for banks when interest rates rise. Whether rates rise or not, the possibility is certainly getting factored into the price.

Long term trade...