Long Position on C @ $77.50 on 1/16/2018 (Momentum)

Citigroup Inc. (C) provides various financial products and services for consumers, corporations, governments, and institutions worldwide.

The company operates through two segments, Citicorp and Citi Holdings.

The Citicorp segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. It also provides various banking, credit card lending, and investment services through a network of local branches, offices, and electronic delivery systems.

In addition, this segment provides wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate lending, investment banking and advisory services, private banking, cash management, trade finance, and securities services to corporate, institutional, public sector, and high-net-worth clients.

As of December 31, 2016, it operated 2,649 branches in 19 countries.

The Citi Holdings segment provides consumer loans; and portfolio of securities, loans, and other assets. Shares have formed a bullish "cup and handle' and higher share prices are expected for this stock. 

Entry Point: $77.50

Stop Loss: $71.00

52-Weeks Trading Range: $55.23 - $77.92

Target Price: $85.90

Updates

3/26/2018 1:27:09 PM

C closed at $69.25

Position closed on 3/26/2018 at price of $69.25 with a -10.65% loss in 69 days.

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