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C-Citigroup, Inc. Looking Good

30 May 2005
Author: site admin Posted under Investing

Friday (5/27/05) C-Citigroup, Inc. closed at $47.28. Looking at a ten year chart I see what may become a cup and handle chart formation over about a five year period. Currently its putting in a handle marked by a series of declining highs. The pefect time to get in would be on a break in the line formed by those declining highs. Hopefully higher volume would help confirm the breakout.

Of note, in January 2003 Citibank was granted the first Internet Banking License in China and is the “First Foreign Bank in China to Offer Web-Based Banking Services for Both Corporate and Consumer Clients”. See the following link:

Citigroup Article
About Citigroup

In 2005 C-Citigroup, Inc. has raise its quarterly dividend by 10% from $0.40/shr to $0.44/shr.

In short, C-Citigroup, Inc. is “Looking Good”.

Harvey


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