Citigroup Inc. (NYSE:C)
I guess you have lots of e-mails to reply, so I´m going to be brief and I hope you get me a good answer!, I would really apreciatte it!!!!!.
Currently I have around 7690 "C" shares and my objective is to hold them for the mid term, maybe until the end of next year, but I´m concerned about any actions that the Federal Reserve may take in the near future. What´s the worse case scenario that could happen if I hold onto my stocks?, could the Fed nationalize this bank or is that alternative out of the table?.
Thank you very much and regards!
Thanks for your question. Unfortunately, SmarTrend offers little insight about actions of the Federal Reserve, or if the U.S. government will increase its stake in Citi. What I can tell you is that SmarTrend is holding Citigroup in an Uptrend, and is up 75% since its March 16 alert at $2.30, which can be seen on the chart attached. If you want to be alerted when Citigroup is Downtrended, you can try a free trial of SmarTrend at www.mysmartrend.com. Make sure you add the stock to your Watchlist and enable e-mail alerts. On the sight you can also sign up for our daily newsletter and explore our Trading Community to gain more insight on technical analyisis. I hope this helps.
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