Historical Parallels

Watch your back.

Send me real-time posts from this site at my email

Here's Why The Bullish Case For Citigroup's Stock Can Now Be Made

Down more than 15 percent since peaking in late January, shares of Citigroup Inc C should now be bought, according to Deutsche Bank.

Deutsche Bank's Matt O'Connor upgraded Citigroup from Hold to Buy with a price target lifted from $74 to $76. Source

Upside still holds. The price may reach the upper edge of the falling wedge. We can also expect a breakout.