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

UOB Bank: Start of Down Trend?

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UOB failed to form a “Higher High, Higher Low” uptrend pattern as per last analysis. The stock formed a Double Tops at about $17.60 instead and reversed to down trend since then. UOB also failed to break the neckline resistance after showing a Hammer candlestick. The stock also had a gap down and break below $16.00 support. If UOB cannot close the gap in the next few days, the stock will trade in the down trend heading towards the next 61.8% Fibonacci support of $15.23. All 3 Moving Averages (20D, 50D and 200D) are heading down. The Moving Average (2W, 4W and 12W) are also heading down in the Weekly chart.

 

Extended chart to show $17.1 is the tough support turned resistance.

Does UOB hold S$608 mln worth of Greek debt securities?

 

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Continue ReadingUOB Bank: Start of Down Trend?