Adventures in Technical Analysis, Citigroup Edition

David Gaffen notes today that Citigroup shares are now trading at a 2-year

low of $43.97 per share. He then quotes this wonderful piece of advice from

technical analyst Joseph Hargett:

The $45 level “has not been breached on a weekly closing basis since

October 2005, and could be seen as a buy/sell indicator for anyone considering

investing in C,” notes Joseph Hargett, analyst at Schaeffer’s

Investment Research.

So there you go. If you want to buy Citigroup, this could be a good time to

do so. Or, on the other hand, it could be a good time to sell. Does anybody

have a coin I can flip?

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