Citizens Financial Group on watchlist.Entry level $ 38.90 = Target price $41.40 = Stop loss $38.00
Bullish break and back test in the RSI
Regained MA100 support.
Breakout imminent from 1 year price range.
Average analysts price target $41 | overweight
P/E ratio 10.09
yield is a reasonable 3.3%
Company profile
Citizens Financial Group, Inc. engages in the provision of commercial banking services. It operates through the following segments: Consumer Banking and Commercial Banking. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services. The Commercial Banking segment offers lending and leasing, trade financing, deposit and treasury management, foreign exchange and interest rate risk management, corporate finance and debt, and equity capital markets. The company was founded in 1828 and is headquartered in Providence, RI.
CFG trade ideas
CFG - good R/R long opportunityCFG, a stock that has made consistently increasing earnings over the years, forms a low risk/reward opportunity for LONG.
Here are the clues that supports the buy:
- Divergences formed against RSI, MACD and Stoch.
- Bounced from 50% Fib level from previous rise.
- Has good form of a Elliott Wave count in which C of (4) of V has been completed. (5) of V is expected to be in progess.
- Bounced at Fib-ext 100% to make a textbook ending point for C.
- Bounced from resistance level made by III.
- Stoch has crossed over.
Tight SL: 39.5
Target: 50-53