Genting Singapore: Continue the Up Trend

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Genting Singapore rebounded nicely from the 20D SMA support and continue the uptrend in the channel. So far 20D SMA proved to be a good support. 2/5 EMA still on bullish signal on both daily and weekly chart. Expect Genting Singapore to reach $1.63 (previous high) followed by all Fibonacci Retracement levels. Alternate scenario: uptrend will be broken if Genting Singapore trades below $1.50.

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Bank of America (BAC): Double Tops at Sight!

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Bank of America (BAC) is forming a Double Tops with neckline at about $11.00. If BAC rebound from this neckline (also the 61.8% FR), BAC will continue the uptrend with price target of $14.40 (161.8% FR). If BAC break below $11.00 support, the price target of this Double Tops breakout is about $10.00

Key Statistics for BAC

Current P/E Ratio (ttm) 12.2033
Estimated P/E(12/2013) 11.2814
Relative P/E vs. SPX 0.8262
Earnings Per Share (USD) (ttm) 0.9200
Est. EPS (USD) (12/2013) 0.9950
Est. PEG Ratio 1.3017
Market Cap (M USD) 121,007.57
Shares Outstanding (M) 10,778.26
30 Day Average Volume 157,886,592
Price/Book (mrq) 0.5546
Price/Sale (ttm) 1.2045
Dividend Indicated Gross Yield 0.36%
Cash Dividend (USD) 0.0100
Last Dividend 02/27/2013
5 Year Dividend Growth -55.91%
Next Earnings Announcement 04/17/2013
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Citigroup (C): On Uptrend Channel

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Citigroup is currently trading within an up trend channel. It is expected to see C continues the bullish trend after rebounding from the channel support (also the 61.8% FR) with a hammer candlestick.

Fundamentally, the valuation of C looks attractive from PE ratio, PEG and P/B perspective.

Key Statistics for C

Current P/E Ratio (ttm) 10.4408
Estimated P/E(12/2013) 9.0153
Relative P/E vs. SPX 0.7044
Earnings Per Share (USD) (ttm) 3.9700
Est. EPS (USD) (12/2013) 4.5800
Est. PEG Ratio 0.9199
Market Cap (M USD) 125,548.21
Shares Outstanding (M) 3,028.90
30 Day Average Volume 30,836,774
Price/Book (mrq) 0.6732
Price/Sale (ttm) 1.3370
Dividend Indicated Gross Yield 0.10%
Cash Dividend (USD) 0.0100
Last Dividend 01/31/2013
5 Year Dividend Growth -70.97%
Next Earnings Announcement 04/16/2013
Continue ReadingCitigroup (C): On Uptrend Channel