While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names.
Citigroup has fallen to levels not seen in years. The stock is just beaten down hard with very heavy volume. The cloud is red and money flow is horrible and has been for months.
This stock may bounce a bit, but that would be another sell chance. Put a stop in at $47 on this short, which could be headed down to the $20s.
Big Blue is singing the blues lately, down nearly 40% from the recent highs in February. Everything is being hit hard by the coronavirus selloff, but the chart is really awful here. Moving Average Convergence Divergence (MACD) is on a strong sell signal and money flow is just meh.
The gap down this month is resistance here, and any bump up is a good short opportunity. If short here, put in a stop at $110.