Share It

Share |

Saturday, January 9, 2010

Citi (C) price-volume relation, 2nd edition



At the previous post on Citi stock price volume relation the price of $3.66 was mentioned as possible. The next day (Jan 06, '10) that price was achieved as you may seen on the graph on the left. Comparing the close prices that makes 3.39% gain for a day. That $3.66 price was on the EMA 30 and not surprisingly the next day the price didn't advance more. It made only $0.01 advance on the close price but still the volume was the same as the previous days. During that day (Jan 07, '10) there were prices as high as $3.70 so that was a good time to sell if aiming at a very short time trades. For the two days the gain would be 5.11% which is not bad for the short period of 2 days.
Date
Price Change
Traded Volume
04.01.2010
+ $0.10
406m
05.01.2010
+ $0.13
602m
06.01.2010
+ $0.12
674m
07.01.2010
+ $0.1
672m
08.01.2010
- $0.07
624m

What could be expected next? Yesterday the price fell in accordance with the gloomy mood of the market. Still after touching the $3.50 level it managed to cover most of the loses and closed only 7 cents below the previous close. The volume was slightly lower. With that said there is a chance to see a recovery of the price soon.

No comments: